Maritime Transport Is “Backbone of International Trade and the Global Economy” in Digital India

Maritime transport Services is the pace, structure and pattern of India's economic development. India is speedily connected to a position as a key player in the maritime sector globally by achieving its nation’s trade target, and therefore the growth of international trade successfully led to the growth in maritime services because a important part of ecosphere trade is carried out through the sea. In the past days India has not been successful in maritime international trade since 2000, although during that time India had a higher potentiality to expand the international trade and considered largest merchant shipping fleet in the country. (Mukherjee 2001) . It acts as a vital role in the growth of countries, comprises ports, shipping, ship building and Inland water transport services. Indian Shipping Industry with appearance of globalization and liberalization is resolutely acquired a new scopes in terms of demand, capacity enhancement of the ports and infrastructural development. (India: Government initatives to support shippig in coming time 2016). This paper helps to examine the how efficiently flagship initiatives/steps were taken by the Indian government by promoting various legislature to promote sustaining growth in the maritime shipping industry to uplift the international trade KeywordsInternational trade, Industry, Negotiations, Economic development & Maritime services. I.INTRODUCTION Shipping is a globalized industry operating a highly competitive business environment. And its prospects are intricately link world economic and international trade. The Indian shipping Manufacturing acts a significant part in Indian economy, giving to the ministry of shipping overall 90% of the Nation’s trade service is carried out by maritime transport through via sea. The highlights of India’s shipping rule are to endorse shipping in India to create the country independent in carrying goods to and from extra countries and to protection India's maritime interest. The Indian Shipping Manufacturing helps conveyance of national and global loads and also extend to many other services such as port development, ship construction, lighthouse facilities, ship repairing, freight forwarding, etc. Received : 7th May 2019 Accepted : 15th May 2019 Published : 25th June 2019 ISSN: 2581 964X www.mayaspublication.eijfmr.com