Aquaculture refers to fish farming of select species of high consumption and commercial value for the humankind. In view of uncertain fish catch, the contribution of aquaculture to the growth of blue economy and economic development is vital at least for the fishing nations. Fish farming meets the ever increasing demand for fish worldwide and contributes to food security and job creation. Developing countries now lead aquaculture production by exporting fish to other countries and creating value chains for wider participation of fish farmers, suppliers, processing units and exporting firms. In the context of blue economy, aquaculture is viewed positively as a sector with massive potential for overall social and economic development.