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In this paper, an attempt has been made to study the spatial and temporal dynamical interactions among the species of wetland ecosystem through a mathematical model. The model represents the population dynamics of phytoplankton, zooplankton and fish species found in Chilika lake, Odisha, India. Nonlinear stability analysis of both the temporal and spatial models has been carried out. Maximum sustainable yield and optimal harvesting policy have been studied for a nonspatial model system. Numerical simulation has been performed to figure out the parameters responsible for the complex dynamics of the wetland system. Significant outcomes of our numerical findings and their interpretations from an ecological point of view are provided in this paper. Numerical simulation of spatial model exhibits some interesting and beautiful patterns. We have also pointed out the parameters that are responsible for the good health of wetland ecosystem. [ABSTRACT FROM AUTHOR]