A study on the economic impact of seafood trade in Southern India

Abstract

The Southern part of India contributes significantly to India's seafood export business, with the likes of Andhra Pradesh, Tamil Nadu, Kerala, Karnataka, and Telangana playing a role in exporting. The biggest contributor among them is Andhra Pradesh, contributing 32% of India's seafood exports primarily through shrimp aquaculture. Tamil Nadu has robust maritime infrastructure, Kerala is exporting sardines and mackerel but experiences unpredictable catch volumes, Karnataka's exports declined due to climatic conditions but its income improved, and Telangana increased its inland aquaculture despite being landlocked. Seafood exports in this region increased from 5.55 billion USD during 2022- 23 to USD 5.85 billion during 2023-24, and they are likely to increase to USD 7.48 billion by 2028, facilitated by improved cold chain logistics, aquaculture, and food safety standards. Nevertheless, such challenges as climate change, stringent global trade regulations, and overfishing must be addressed. Following China's seafood trade practices like Improved cold storage, automation, traceability, and sustainability practices can assist in enhancing India's exports. In order to develop the industry, states need to improve cold storage, implement eco-friendly fishing practices, employ digital tracking, and tap new international markets. If these measures are taken, Southern India can enhance seafood exports, generate more employment, and improve its economy in the international market.