INTERNATIONAL JOURNAL FOR INNOVATIVE RESEARCH IN MULTIDISCIPLINARY FIELD

Abstract: Blue Economy has become a strategic priority for maritime nations like India and ASEAN members. Though every economy has adopted initiatives in this sphere, current literature lacks a comparative, model-based evaluation of sectoral synergies between these frameworks. The paper analyses the potential and strategic benefits of the collaboration of ASEAN and India in the context of Blue Economy, using the case study of Vietnam. A statistical model was created using Revealed Comparative Advantage (RCA), Location quotient (LQ) and Strategic scoring, taking into account both quantitative and qualitative data points. The focus has been on five priority areas namely- Fisheries and aquaculture, marine renewables, marine transport and logistics, offshore and gas, and coastal tourism. Quantitative figures are determined using trade data, policies, sector performance and contribution, showing India’s export strength and Vietnam's importance. For evidence based economic diplomacy, this paper delves into methods to evaluate bilateral feasibility and sectoral balance. The basis of the targeted, sustainable partnerships that converge with India's Indo pacific vision and ASEANs developmental goals are arrived upon after understanding the data constraints and emerging subsector dynamics. By integrating both quantitative and qualitative data facets, this model demonstrates immense potential. Its applicability is not just limited to present study and is replicable across diverse regional segments and economic groups thereby contributing to strategic geopolitical depth and economic integration.