Fisheries Sector Contribution to Indian Economy

Author(s)	Umesha K M
Country	India
Abstract	The fisheries sector has been recognized as a powerful income and employment generator and Fishery sector occupies an important place in the socio-economic development of the country, Fishing in India contributed over 1per cent of India’s annual gross domestic product in 2008. Fishing in India employs about 14.5 million people. Fish production rose from 800,000 tons in financial year of 1950 to 4.1 million tons in the early 1990s. From 1990 through 2010, the fisheries sector contribution to Indian economy during the period between 2009-10 and 2018-19. The GVA of fisheries sector is Rs.61269 Crore which increased to Rs.128011 Crore during 2018-19 The national GVA is Rs.7131836 Crore in 2009-10 which increased to Rs.12803128 Crore during the 2018-19. The sector has been one of the major contributors of foreign exchange earnings with India being one of the leading seafood exporting nations in the world.
Keywords	Fisheries, socio-economic development, Employment, Income, foreign exchange,
Field	Arts
Published In	Volume 5, Issue 5, September-October 2023
Published On	2023-09-10
Cite This	Fisheries Sector Contribution to Indian Economy - Umesha K M - IJFMR Volume 5, Issue 5, September-October 2023. DOI 10.36948/ijfmr.2023.v05i05.6330
DOI	https://doi.org/10.36948/ijfmr.2023.v05i05.6330
Short DOI	https://doi.org/gsp9bd

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