Fisheries sector sees tremendous growth in last five years: Economic Survey

The fisheries sector in the country had a tremendous growth in the last five years and attempts are on to augment the sector and also to boost the exports, according to the Economic Survey 2018-19 that was tabled in parliament on Thursday.

The Survey report says that the fisheries sector had a rapid growth from 4.9 per cent during 2012-13 to 11.9 per cent in five years. When the Gross Value Added (GVA) was 7.2 per cent in 2013-14, it was 7.5 per cent in 2014-15 and increased to 9.7 in 2016-17 and then to 10 in 2016-17 and stood at 11.9 per cent in 2018-19.  The survey also notes that the fisheries sector accounts for 5.23 per cent share of the total agriculture GDP.

It also says that fish and fish products accounted for exports of about Rs 47,620 crore during 2018-19. Further, the survey says that India was the second largest fish producer in the world. In 2018-19, the total production stood at 13.7 million metric tonnes, the survey added.

It also mentions about merging of all major schemes in fisheries and brining them under an umbrella known as ‘Blue Revolution: Integrated Development and Management of Fisheries’, which could boost fish production in the country. .  

The Economic Survey also talks of Draft National lnland Fisheries and Aquaculture Policy (NIFAP), 2019”, which has been envisaged for development of the inland fishing sector and also increasing the production.

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