Considering that 90 per cent of India’s trade by volume is by sea, the threat of maritime terrorism needs to be addressed and government is taking steps to do the same, Flag Officer Commanding-in-Chief of Western Naval Command Vice Admiral Girish Luthra said today.
He was speaking on the ‘Impact of terrorism on the Indian Economic Growth’ while addressing the 5th India Economic Forum.
“The economic impact of terrorism is asymmetric in nature, which implies that the cost of waging a terrorist activity is much less that the economic impact that terrorism brings,” a Defence spokesperson quoted the top Navy officer as saying.
Global terrorism index of 2015 records a significant increase in the number of countries suffering major terrorist activity, he said, and brought out the various consequences of rise in terrorism on an economy.
Anti-terrorism activity is a continuous work in progress and monitoring terrorist activities and tactics and upgrading resources and infra structure to fortify the maritime borders is being undertaken expeditiously, Luthra added.
The Flag Officer spoke of the various steps taken in the last eight years after 26/11 terror attack towards improving coastal security in the country.