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India's marine product exports rise 16% as new markets offset US dip

Shrimp-heavy shipments to China, Vietnam, and Europe help country log $4.87 bn in Apr-Oct

India’s marine product exports rise 16% as new markets offset US dip
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The US — traditionally India’s largest shrimp market — saw a 7.43 per cent drop to $1.06 billion in this period.

Shreya Nandi New Delhi

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India’s marine product exports rose 16.2 per cent to $4.87 billion in the first seven months of the financial year (April–October), buoyed up by firm global demand and a rebound across key Asian and European markets. Shrimps and prawns have a share of over 63 per cent in the marine sector.
 
The US — traditionally India’s largest shrimp market — saw a 7.43 per cent drop to $1.06 billion in this period. That slide was more than offset by strong growth in shipments to China, Vietnam, Belgium, Japan, Russia, Canada and the UK, a senior government official said. Among marine