Current Affairs - Economy - Discussion

India’s seafood exports for FY2024–25 recorded a total value of USD 7.45 billion, reflecting a slight increase from USD 7.38 billion the previous year. Despite the growth in value, the overall export volume declined to 16.98 lakh tonnes from 17.81 lakh tonnes, showing challenges in international market demand and supply chain dynamics. Frozen shrimp continued to dominate, contributing USD 5.17 billion and nearly 70% of the total earnings, consolidating India’s global leadership in shrimp exports. The United States remained the largest buyer, followed by China, the European Union, Southeast Asia, Japan, and the Middle East, highlighting India’s wide-reaching seafood trade network.