International Journal of Social Science & Economic Research
Submit Paper



|| ||

Assistant Professor, Dept. of Economics, Andhra University, Visakhapatnam

SAILAJA, Dr. K. "SUSTAINABLE BLUE ECONOMY - OPPORTUNITIES AND CHALLENGES." Int. j. of Social Science and Economic Research, vol. 4, no. 3, Mar. 2019, pp. 1630-1637, Accessed Mar. 2019.
SAILAJA, D. (2019, March). SUSTAINABLE BLUE ECONOMY - OPPORTUNITIES AND CHALLENGES. Int. j. of Social Science and Economic Research, 4(3), 1630-1637. Retrieved from
SAILAJA, Dr. K. "SUSTAINABLE BLUE ECONOMY - OPPORTUNITIES AND CHALLENGES." Int. j. of Social Science and Economic Research 4, no. 3 (March 2019), 1630-1637. Accessed March, 2019.

[1]. "Ocean and Coastal Area Governance/UNDP". http:/
[2]. Vijay Sakhuja: "Harnessing the Blue Economy", Indian Foreign Affairs Journal, Vol. 10, No.1, January-March 2015, P.39.
[4]. Blue Economy Vision 2025: Harnessing Business Potential for India Inc and International Partners. -Economy-Vision2025.pdf.
[5]. Gordan M Winder and Richard Le Heron: "Assembling a Blue Economy Moment? Geographic engagement with globalizing biological economic relations in multi-use marine environments" Dialogues in Human Geography. Vol. 7(1), 2017 pg. 3-26.
[6]. "E566 billion and growing: the EU blue economy is thriving", Report given on 27th June 2018, by Maritime Affairs, European Commission. Retrieved from billion-and-growingeu-blue-economy-thriving_en.
[7]. Rajeev Ranjan Chaturvedy: "China's vision of Blue Partnership: Convergence with India's Blue Economy Initiative?" ISAS Insights No. 427- 29 June 2017. Retrieved from
[8]. Navigating through China's Blue Economy. Retrieved from October 2018.
[9]. Ministry of External Affairs, Govt. of India. "Prime Minister's Address at International Feet Review 2016", 7 February 2016 retrived from
[10]. Hemanth Maini and Lipi Budhraja: "Ocean Based Blue Economy, An Insight into SAGAR as the Last Growth Frontier". Retrieved from on_v6%281%29.pdf.
[11]. "Sagarmala Project" retrieved from http://en.m.wikipedia. Org/wi
[12]. IISD" Sustainable Blue Economy Bulletin Vol. 208. No. 31, 1 December 2018.
[14]. Ibid;
[15]. IISD: op. cit.
[16]. "A sustainable ocean economy, innovation and growth: A G20 Initiative for the 7th Largest Economy in the World". Retrieved from https://www.g20- initiative-7th-largest-economy-world/
[17]. Noone K, Sumaila R and Diaz R.J (ed) (2012). Valueing the ocean, SEI.

Blue economy is regarded not only as a natural capital that accelerates economic growth in the world but also as a means to reduce unemployment and poverty at the global level. This paper attempts to analyze the initiatives to harness the blue economy in select countries and also to reflect on the issues and concerns relating to the sustainable development of blue economy. A number of countries across the world are showing interest on the Blue Economy and have announced national initiatives and action plans to harness the fruits of Blue Economy. The deliberations at the Sustainable Blue Economy Conference held at Nairobi in 2018, have strongly conveyed the message that "the Blue Economy must be sustainable, the planet's ocean and water resources must be conserved and sustainably used, and need to consider oceans, lakes and rivers, as well as water and land based ecosystems in a holistic manner". Despite the global efforts to sustain the Blue Economy, there are several challenges and concerns that need immediate attention and action. However, in spite of the commitments at global, regional, national and local level, it is observed that the health of the coasts and oceans continues to decline over a period of time. In view of this, it is imminent on the part of the governments, the business community and the civil society - to protect the health of the coasts and oceans to derive sustainable benefits from the Blue Economy.