India becomes a major player in global seafood exports

In the 2023-2024 period, India witnessed a significant surge in its seafood exports, with frozen prawns becoming the top export product, contributing to 66% of the total seafood exports. The country's seafood export portfolio includes a variety of products such as frozen fish, octopus, canned goods, and lobsters. Frozen fish accounted for 21% of the total exports and saw a notable increase in volume. India's seafood industry has found a strong foothold in international markets like the United States, European Union, China, and Southeast Asia, with the United States emerging as the largest importer. This diversification of exports has helped India mitigate the risk of dependence on a single product and meet the global demand for seafood diversity. The Indian government's strategic investments in the fisheries sector, particularly the 'Blue Revolution' program and the Fisheries and Aquaculture Infrastructure Development Fund, have played a pivotal role in driving the growth and modernization of the seafood industry.