Blue Economy- Global Trends And Indian Perspective

The Concept of Blue Economy

The Blue Economy (BE) can be defined as "a range of economic sectors and related policies that together determine whether the use of resources of ocean is sustainable".¹

In the Indian context, the NITI Aayog (central government's state of the Art Resource Center) has defined "blue economy" as "the entire system of ocean resources and manmade economic infrastructure in marine, maritime and onshore coastal zones within India's legal jurisdiction,which aid in the production of goods and services and have clear linkages with economic growth and environmental sustainability and national security".²

An Intergovernmental Panel on Climate Change (IPCC) report ³ finds that human-caused climate change is evident in the remotest parts of the earth. The report highlights the urgency of timely, ambitious, coordinated, and enduring action.⁴