Fisheries Sector in India – UPSC GS3

Scenario of the Fisheries Sector in India:
  • India is the second major producer of fish through aquaculture in the world.
  • India is the 4th largest exporter of fish in the world as it contributes 7.7% to the global fish production.
  • Currently, this sector provides livelihood to more than 2.8 crore people within the country. Nevertheless, this is a sector with untapped potential.
  • The fisheries sector has demonstrated double-digit average annual growth of 10.87 % since 2014-15 with record fish production of 145 lakh tons during 2020-21 as per the Economic Survey for 2021-22 
  • Indian Fisheries and Aquaculture sector registering an average annual growth of 7.53% during the last 5 years. The country exported 12.89 lakh metric tons of fisheries products valued at Rs 46,662 crore (USD 6.68 billion) during 2019-20.
  • Despite challenges pertaining to infrastructure, the measures by the Central government in the past recent years ensured that the fisheries sector continued to register an annual growth rate of more than 10%.
Initiatives related to Fisheries:
  • Fishing Harbours
  • Seaweed Park
  • Pradhan Mantri Matsya Sampada Yojana
  • Palk Bay Scheme
  • Marine Fisheries Bill
  • Fisheries and Aquaculture Infrastructure Development Fund (FIDF)
  • Kisan Credit Card (KCC)
  • Marine Products Export Development Authority