Exploring India’s Blue Economy: Opportunities and Challenges for a Sustainable and Resilient Future

Abstract

The concept of the Blue Economy, which focuses on sustainable use of ocean resources for economic growth, has gained significant attention globally. This paper delves into the exploration of India's Blue Economy, analyzing the opportunities and challenges it presents for fostering sustainability and resilience. As India seeks to harness the untapped potential of its coastal and marine resources, the paper examines the various opportunities that the Blue Economy provides for economic development, job creation and technological innovation. Moreover, climate change, overfishing, pollution and inadequate regulatory frameworks are among the challenges that must be addressed to ensure the long-term viability of India's Blue Economy. Furthermore, the paper explores policy implications and potential strategies to overcome these challenges, advocating for a comprehensive and integrated approach that involves collaboration between government, industry and local communities.