Trend of Export of Marine Products from India in Recent Years

Author(s)	Arindam Jana
Country	India
Abstract	Marine product is one of the most important items of export from India. The marine fisheries sector not only provides opportunities to earn foreign exchange but also generates income opportunities for a large section of our population. The present paper attempts to capture the trends in the growth of marine product exports, their composition, port wise and destination wise distribution and the effort being made by the government to boost the marine fisheries sector. The study is based on secondary data from 1995-96 to 2021-22 collected from various published sources. The data shows that India’s export of marine products registers a positive trend; though there exist some years with negative growth. Frozen shrimp is the largest export item while Vizag is the number one port in respect of marine product export. The USA, China and European Union (EU) are major importers of India's marine products. The government has come out with several policies and measures to promote the export of marine products and to develop the livelihood of the people engaged in the marine fisheries sector.
Keywords	Compound Annual Growth Rate, Marine Products, Fisheries Sector
Field	Mathematics > Economy / Commerce
Published In	Volume 5, Issue 3, May-June 2023
Published On	2023-05-14
DOI	https://doi.org/10.36948/ijfmr.2023.v05i03.2993
Short DOI	https://doi.org/gr8p7x

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