The Ministry recently requested NCAER to estimate the economic benefits of dynamic Weather and ocean state forecasts and the resulting advisories provided to users. This report, the third in the series of NCAER’s work with MoES, consists of two parts. The first part estimates the potential economic benefits of ESSO-NCMRWF dynamic weather forecasts (coordinated with the Indian Meteorological Department) for the farming community, ESSO-INCOIS’s ocean state forecasts to different users for strategic purposes, its Potential Fishing Zones advisories to marine fishing communities, and its “No Tsunami Threat” advisories. The second major part of this NCAER Report develops costing and pricing approaches and templates for the development of NCMRWF and ESSO-INCOIS products and services.