What is Merchant navy?

Introduction:

Approximately 95% of goods in transit between India and the global markets are transported via maritime routes. Shipping and logistics sector, contributing significantly to India's economy, represents around 13-14% of the nation's GDP.

Yet, the merchant navy remains unfamiliar to most households. The general populace in India still lacks awareness regarding the merchant navy, leading to a missed prospect of substantial growth for the younger generation. In this blog, our focus will be on the merchant navy as we will undertake an in-depth exploration of it. 

What is merchant navy?

The merchant navy refers to the commercial fleet of ships and vessels engaged in maritime trade and transportation of goods, commodities, and passengers across the world's oceans and waterways. It is a vital component of the global shipping industry and plays a crucial role in facilitating international trade and commerce.

We all are aware of the importance of import & export and how our daily life essentials are dependent on it. The merchant navy simply plays a pivotal role in ensuring the safety, convenience, time efficiency, and cost-effectiveness of trading, all of which directly contribute to boosting economic growth. It is the backbone of international trade in transporting cargo from one part of globe to another part of globe Thus it can be said that the lifestyle of people is dependent on merchant navy.

Brief history