Blue Economy is the Economic Activities that Directly or Indirectly Take Place in the Ocean and Seas, Use Outputs, Goods and Services into Ocean and Land Based Activities

Abstract

oceans, seas and marine resources for increasing the economic benefits to Small Island developing states and least developed countries for sustainable use of marine resources, including sustainable management of fisheries, aquaculture and tourism. Blue economy has great potential for boosting the economic growth, employment and sustenance of economy (Figure 1). It supports food security, managing and protecting the ocean environment, creation of high value job and diversification to address new resources for energy, new drugs and value chemicals, protein food, deep sea minerals, security and threats including services to human welfare and measures for resilience climatic changes. Considering its wide range of valuable resources, the Blue Economy is gaining increasing interest in Indian Ocean Rim Region for the economic development and for the human welfare. Indian Ocean supports with wide array of biodiversity and ecosystem resources from mangroves, coral reefs and sea-grass beds to deep oceans and provides economic value products