Overview
- The Fisheries Ministry, in a Friday release, said public investment since 2015 totals Rs 39,272 crore and has helped double seafood export value to Rs 62,408 crore in 2024–25.
- Domestic output reached 197.75 lakh tonnes in 2024–25 and India now produces about 8% of the world’s fish, supporting nearly 30 million fishers and fish farmers.
- Lok Sabha data tabled April 2 show export volumes have risen since 2020–21 while unit prices fell to about $4.14–$4.39 per kg, which means exporters earned less per kilo even as shipments grew.
- The United States remained the largest buyer in 2024–25, and press reports say steep US tariffs in 2025 cut orders before a partial easing to around 18% in early 2026 offered limited relief.
- To safeguard markets and add value, the government is deploying Turtle Excluder Devices on shrimp trawlers, digitising the Sanitary Import Permit to 72‑hour approvals, and pushing PMMSY-backed diversification into higher-value species and processing.