About
The concept blue economy has emerged as a commonly accepted development pattern, has been used in different ways across the globe. The concept gained attention when United Nations’ Sustainable Development Goal 14 sought to “conserve and sustainably use the world’s ocean, seas and marine resources” for the sustainable development as the guiding principle of ocean governance.
The World Bank also understand the critical importance of ocean health has defined the concept as a means to “promote economic growth, social inclusion, and the preservation or improvement of livelihoods while at the same time ensuring environmental sustainability of the oceans and coastal areas.” Since, some state activities are depend upon the status of the underlying ecological systems. Therefore it is important to note that the potential degrade of marine ecology would invariably affect the jobs and economic growth in this segment of the global economy. India has fully realised the potential of ocean economy and need for sustainable development of the costal and ecological system have identified key areas in the draft India’s Blue Economy Policy which aimed to accelerate employment and growth, while safeguarding the environment and in harmony with the UN Sustainable Development Goals.
