Mumbai: India’s Seafood Exports Remain Strong Amid US Tariffs
Exports hit a record high in FY 2024–25, underscoring the sector’s resilience despite higher duties
Mumbai:
India’s marine products exports touched a record high value of ₹62,408 crore in 2024–25, registering a 3.11% increase over ₹60,523.89 crore in 2023–24, the government said, adding that growth has continued despite higher tariffs imposed by the United States.
Fish production has also seen a significant rise, increasing from 95.79 lakh tonnes in 2013–14 to 197.75 lakh tonnes in 2024–25, reflecting a 106% growth.
From April 2025, the US raised tariffs on Indian marine products to a total of 58.26%, with shrimp exports being the most impacted. This posed a major challenge for India, as nearly 90% of shrimp exports are destined for the US market.
Despite this, India’s marine sector has proved resilient and adaptive. A comparison of export data for April–October 2024 (pre-tariff) and April–October 2025 (post-tariff) shows a 21% increase in export value (from ₹35,107.6 crore to ₹42,322.3 crore) and a 12% rise in volume (from 9.62 lakh tonnes to 10.73 lakh tonnes). During the same period, frozen shrimp exports recorded a 17% increase in value and a 6% rise in volume.
Through fisheries and allied schemes, 74.66 lakh employment opportunities (direct and indirect) have been generated since 2014–15. India currently exports over 350 marine products to 130 countries, with 62% of export value coming from aquaculture.
Value-added exports have grown by 56% over the past five years, increasing from ₹4,863.40 crore to ₹7,589.93 crore.
The government has also stepped up investment in the fisheries sector. Under various initiatives—including Blue Revolution, the Fisheries and Aquaculture Infrastructure Development Fund (FIDF), Pradhan Mantri Matsya Sampada Yojana (PMMSY), and Pradhan Mantri Matsya Kisan Samriddhi Sah-Yojana (PMMKSSY)—investments worth ₹38,572 crore have been approved or announced.
