Frozen shrimp powers Indian seafood exports to record Rs 72,000 crore in FY26
The top export destinations for Indian seafood were the European Union (EU), which saw a 37.9 per cent rise
Business
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India
India’s seafood exports grew from Rs 62,000 crore to Rs 68,000 crore this year: Fisheries Minister
Despite global uncertainties, India’s seafood exports have recorded robust growth, driven largely by strong performance in non‑US markets
India
Blue economy set to gain as GST on fisheries essentials slashed to 5%
New GST reforms will reduce taxes on fish products, essential equipment, and processing services in the fisheries sector. These cuts, effective September 22nd, aim to lower costs for farmers, boost exports, and promote sustainable practices, ultimately supporting the rapidly growing Indian fisheries industry.
Business
Steep 50% tariffs to severely impact shrimp, apparel, diamonds, footwear exports to US
The US imposed 50% tariffs on Indian goods, severely impacting exports and jobs in sectors like shrimp, apparel, and gems. Exporters anticipate order cancellations, job losses, and reduced competitiveness in the US market, which accounts for a significant portion of India's exports.
World
Garments, jewellery, shrimp: India's core exports hit US tariff wall
New US tariffs threaten Indian exports, projecting a 30% decline. Garments, textiles, jewellery, shrimp, and engineering sectors will be severely impacted. GTRI proposes a plan to mitigate the effects, highlighting global protectionism.
