How Did Seafood Exports Reach New Heights Despite US Tariffs?
Synopsis
India's seafood exports have soared to record levels, reaching Rs 62,408 crore during 2024-25. Despite facing steep tariffs imposed by the US, the seafood sector showcases resilience, achieving significant growth in production and exports. This development highlights India's emergence as a major player in the global seafood market.
Key Takeaways
India's seafood exports reached Rs 62,408 crore in 2024-25.
Fish production increased by 106% over a decade.
Nearly 90% of seafood exports to the US are shrimp.
Over 74.66 lakh jobs created in the fisheries sector.
Cumulative investments total Rs 38,572 crore .
New Delhi, Jan 12 (NationPress) The government announced on Monday that India's seafood exports achieved a record value of Rs 62,408 crore during the fiscal year 2024-25, marking a 3.11% increase from the previous year's Rs 60,523.89 crore. This growth trend persists into the current fiscal year (FY26) despite the imposition of steep tariffs by the United States.
Fish production saw a remarkable rise, reaching 197.75 lakh tonnes in FY2024-25, compared to 95.79 lakh tonnes in FY2013-14, reflecting an astonishing 106% growth.
Since April 2025, the US has significantly raised tariffs on Indian seafood, with cumulative duties on shrimp exports increasing to 58.26%, which constitutes nearly 90% of India's seafood exports to the US market.
Nonetheless, the seafood sector in India has demonstrated remarkable resilience and adaptability.
Data comparing the periods of April–October 2024 (before tariffs) with April–October 2025 (after tariffs) shows continued success, with total seafood exports increasing by 21% in value (from Rs 35,107.6 crore to Rs 42,322.3 crore) and 12% in quantity (from 9.62 lakh MT to 10.73 lakh MT). Additionally, frozen shrimp exports saw a 17% increase in value and a 6% rise in volume.
Thanks to various schemes and initiatives launched over the last decade, significant progress has been made in the fisheries sector, according to the Ministry of Fisheries, Animal Husbandry and Dairying.
Since 2014-15, initiatives by the Department of Fisheries have resulted in the creation of 74.66 lakh employment opportunities (both direct and indirect).
India currently exports over 350 seafood products to 130 countries, with aquaculture accounting for 62% of the export value, positioning India as a rising hub for high-value, processed seafood.
The ministry noted that value-added exports, contributing almost 11% to India's export basket, have experienced impressive growth of 56% — from Rs 4,863.40 crore to Rs 7,589.93 crore over the last five years.
Investments from the central government in this sector have also seen a notable increase over the years, with cumulative investments amounting to Rs 38,572 crore approved or announced through various initiatives like the Blue Revolution, Fisheries and Aquaculture Infrastructure Development Fund (FIDF), Pradhan Mantri Matsya Sampada Yojana (PMMSY), and Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PMMKSSY).
Point of View
It's evident that India's seafood exports are a testament to the nation's ability to adapt and thrive in the face of adversity. The government's strategic initiatives and the industry's resilience have played a pivotal role in achieving this remarkable growth. As we continue to support our fisheries sector, it's crucial to remain focused on sustainable practices and global market dynamics.
NationPress
10 May 2026
Frequently Asked Questions
What is the value of India's seafood exports for 2024-25?
India's seafood exports reached an all-time high of Rs 62,408 crore during the fiscal year 2024-25.
How much did fish production increase over the last decade?
Fish production increased by 106% , rising to 197.75 lakh tonnes in FY2024-25 from 95.79 lakh tonnes in FY2013-14.
What percentage of India's seafood exports are shrimp?
Nearly 90% of India's seafood exports to the US are shrimp, which are significantly affected by the US tariffs.
What initiatives have contributed to employment growth in the fisheries sector?
Various initiatives since 2014-15 have generated 74.66 lakh employment opportunities in the fisheries sector.
How much have central government investments increased in the fisheries sector?
Cumulative investments in the fisheries sector have reached Rs 38,572 crore , supporting various schemes and programs.
