http://www.york.ac.uk/res/unnatural-history-of-the-sea/vacations/index.htm
New Zealand: Poor Knights Islands and Goat Island
Philippines: Apo Island
USA: Anacapa Island, California
Bahamas: Exuma Cays Land and Sea Park
South Africa: Tsitsikamma Marine Reserve
Egypt: Ras Mohammed National Park, Red Sea
Kenya: Mombasa Marine National Park
Australia: Great Barrier Reef Marine Park
India does have two such reserves. One is “Gulf of Mannar” but not sure how effective it is now since there was a bridge construction in plan and the other one will be coming up soon near Lakshadweep islands (News published in 2008).
Well, every country should do that “atleast to save our selves”
Like Stephen Palumbi said, “If the oceans aint happy, aint nobody happy”