 "India largest seafood exporter in 2016: FAO")
Subdued demand in both domestic and export markets will shave 25-30 per cent of the revenue of small and medium enterprises (SMEs), which account for nearly 80 per cent of the seafood industry in India, in the current fiscal year (FY21).
Domestic appetite for seafood waned as the pandemic-induced lockdown weakened demand from hotels, restaurants and cafes. Households also cut down on seafood consumption on fears of transmission of the disease.
Export demand, on its part, plunged as the top 15 severely impacted Covid-19 countries — including the US, Russia, Italy, Spain and the UK — account for about 65
