India’s seafood exports surge with tariff relief and FTAs
India’s fisheries sector has evolved from raw shrimp exports to a diversified portfolio of premium seafood. With rising global demand and supportive policies, the industry is now a key pillar of India’s export economy, contributing significantly to employment and foreign exchange earnings.
Growth Story
Production: Output rose from 141.64 lakh tonnes in 2019–20 to 197.75 lakh tonnes in 2024–25, averaging 7% annual growth.
Investment: ₹39,272 crore invested since 2015 to modernize aquaculture and processing.
Employment: Supports nearly 30 million fishers and fish farmers directly.
Global Competitiveness
Tariff Relief: Easing global tariffs and upcoming FTAs boost export momentum.
Diversification: Expansion into premium seafood and value-added products.
Compliance: Stricter quality standards enhance credibility in international markets.
Performance: Double-digit export growth recorded in early 2026.
Strategic Importance
India’s seafood exports are not just about growth but about building resilience and competitiveness. By diversifying products, strengthening compliance, and leveraging trade deals, India is positioning itself as a global leader in sustainable seafood exports.
Key Highlights
• India is the world’s second-largest aquaculture producer
• Accounts for 8% of global fish production
• ₹39,272 crore invested since 2015 in fisheries sector
• Double-digit export growth seen in January 2026
• FTAs and tariff easing driving competitiveness globally
Sources: The Week, BW Businessworld, ANI/Edexlive
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