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India: Exports of marine products drop 9% to $7.37 billion in 2023-24 – ICSF

India: Exports of marine products drop 9% to $7.37 billion in 2023-24 – ICSF
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Exports of marine products drop 9% to $7.37 billion in 2023-24

Indian marine exports declined in 2023-24 due to demand slowdown, but exporters are optimistic for growth in 2024-25. ....

Republic Of , United States , Megaa Moda , Yogesh Gupta , Managing Director ,

frozen shrimp: Exports of marine products drop 9% to $7.37 billion in 2023-24

According to exporters, demand slowdown, high inflation in developed economies and increasing exports of frozen shrimp from Ecuador to America are some of the reasons for dip in India s exports last fiscal. Leading exporters from the sector Yogesh Gupta, Managing Director, Megaa Moda, said that as the US has imposed anti-dumping duty on Ecuador, "our products would now compete and increase exports". ....

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