New Delhi [India]: India’s fisheries sector has undergone significant growth and transformation over the past two decades, solidifying the country’s position as the second-largest fish producer in the world, the Ministry of Fisheries, Animal Husbandry and Dairying stated in a recent release.
With an 8% share in global fish production, India has made notable advancements in technology, policy reforms, and exports, particularly between 2004 and 2024.
Record Budget Allocation for 2025-26
The Union Budget 2025-26 has allocated the highest-ever budgetary support of ₹2,703.67 crore to the fisheries sector, highlighting the government’s focus on aquaculture development and seafood exports.
The budget strategically emphasizes:
✅ Financial inclusion for fishers and farmers
✅ Reduction in customs duties to ease the financial burden on stakeholders
✅ Sustainable fisheries development in India’s Exclusive Economic Zone (EEZ) and High Seas, with a special focus on Lakshadweep and Andaman & Nicobar Islands
Additionally, the Kisan Credit Card (KCC) lending limit has been increased from ₹3 lakh to ₹5 lakh, ensuring greater access to credit for fishers, farmers, and processors.
Massive Growth in Fish Production
According to ministry data, India’s total fish production has seen a sharp rise over the years:
📈 2003-04 → 63.99 lakh tons
📈 2013-14 → 95.79 lakh tons
📈 2023-24 → 184.02 lakh tons
🔹 Increase of 88.23 lakh tons (2014-24) vs. 31.80 lakh tons (2004-14)
🔹 Inland & aquaculture production grew by 77.71 lakh tons (2014-24) vs. 26.78 lakh tons (2004-14)
🔹 Marine fish production doubled from 5.02 lakh tons (2014-24) to 10.52 lakh tons (2004-14)
Seafood Exports at an All-Time High
India’s marine exports have seen a spectacular surge, as per data from the Marine Products Export Development Authority (MPEDA):
💰 2023-24 → ₹60,523.89 crore worth of seafood exports
💰 2003-04 → ₹609.95 crore worth of exports
This massive jump underscores India’s growing dominance in global seafood markets.
A Promising Future
With record-high investments, sustainable policies, and financial support for fishers, India’s fisheries and aquaculture sector is poised for continued expansion, further boosting economic growth and global trade.