Analysis reveals the blue economy's contribution to GDP in India, suggesting broader global impacts.
It refers to the sustainable use of Ocean resources for economic growth, improved livelihood, and jobs while preserving the health of the ocean ecosystem. Maritime spatial planning is a tool to manage the use of seas and oceans coherently. The Blue economy is closely related to law as it is governed by international agreement and regulations:- UNCLOS sets the legal regime for activities on the oceans and seas along with the seas. The Port Status Measure Agreement ( PSMA) seeks to prevent, deter and illuminate illegal. Unreported Unregulated (IUU) fishing through management at Port States. Average global contribution from blue economy to GDP is around 3-5% which varies from country to country. It goes up to 20% in some country. In 2030 the government of India highlights the blue economy how it is influencing India and how it is influencing world.
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P MONIKA (2025) studied this question.
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