Blue Economy Narratives: Considerations for Economic Growth, Environment and Sustainability

Abstract

BG CAN'T FIND A PDF The paper presents narratives and interpretations of blue economy from global and Indian perspective and synthesises conceptual and methodological issues. The understanding has widened its scope and is today realized in terms of its contribution to overall economic growth, simultaneously addressing environment degradation arrest. Collating together possible environmental hazards, various technological innovations to counter the risks are put forth. Marine education, research and emphasis on small and medium enterprises can go a long way in directing the blue economy paradigm towards an inclusive sustainable growth. Its relevance for emergence of India as a maritime power has been acknowledged. India's commitment to a flourishing blue economy network given its marine resource rich geostrategic placement should hopefully be able to defeat the core problems of joblessness, malnutrition plaguing it. Enormity of its components and interdependence of sectors render all encompassing resourcefulness to blue economy against the light of depleting land based resources. Keywords: Blue Conomy, Ocean Economy, Maritime Power, Ocean Trade, Ocean Regional Cooperation.