Navigating the Global Blue Economy

The paper investigates the variations reflected in the global blue economy as part of the India's Act East Policy and Japan's Free and Open Indo-Pacific Strategy in 2017. But with the support of Multilateral Institutions such as ASEAN, the QUAD etc, the agreement favoured the global blue economy towards an inclusive and sustainable development across the belt of Indo-Pacific coastal regions. Stability in the coastal region both economically and politically boosted the technology transfer across the Southeast Asian countries since 2017. The paper connects the way in which this technology transfer and India-Japan Digital India Partnership (IJDP) in 2018 had led to a growth in the global blue economy in terms of maritime transport, mineral resource development, biotechnology, pharmaceuticals, coastal infrastructure and resilience etc. The paper analyses the effects of the agreement in magnifying the global blue economy by evaluating the strategic partnership in technology transfer, Digital India partnership, innovations etc, including joint initiatives of India and Japan.