Archive · 25 Nov 2025
India's Economic Growth and Seafood Export Trends
India's economy is growing fast, and experts are predicting it will grow by 7% this year.
This is good news because it means the country is doing well even though there are some problems with other countries putting high taxes on Indian products.
India is also selling more shrimp and seafood to other countries like China, Vietnam, and Belgium because the United States is making it harder to sell there.
The government is also working on making the economy greener and dealing with climate change.
All these things together show that India is on a good path to keep growing and becoming a stronger economy in the world.
India's GDP growth projection for FY26 has been raised to 7% by India Ratings and Research (Ind-Ra), up from 6.3% earlier.
The Reserve Bank of India (RBI) projects GDP growth at 6.8% for FY26, while a Mint poll estimates Q2 GDP growth at 7.2%.
India's economy is expected to cross the $4 trillion mark in the current fiscal year, up from $3.9 trillion.
India's shrimp exports grew 18% year-on-year to $2.43 billion in the first five months of FY26, with non-US markets accounting for 86% of the incremental export value.
Key non-US markets for Indian shrimp include China, Vietnam, Belgium, and Russia, with significant growth in shipments to these countries.
- Who
- Indian government, economists, seafood exporters, and companies like Kings Infra Ventures, Apex Frozen Foods, and Coastal Corporation
- What
- India's economic growth projections and diversification of seafood exports amid US tariffs
- When
- First five months of fiscal year 2026 and projections for the current fiscal year
- Where
- Global markets including China, Vietnam, Belgium, Russia, and the US
- Why
- To offset the impact of higher US tariffs and diversify market reach, and to maintain economic growth amidst global uncertainties
- GDP Growth Projection (Ind-Ra)
- 7% for FY26
- GDP Growth Projection (RBI)
- 6.8% for FY26
- Q2 GDP Growth Estimate (Mint Poll)
- 7.2%
- Seafood Export Value Growth
- 18% year-on-year to $2.43 billion
- Non-US Market Share
- 57% in 5MFY26, up from 51% in 5MFY25
- US Tariffs on Indian Shrimp
- 58% as of August 2025
Sources
A look at 3 Indian shrimp stocks to watch as China suspends Japanese seafood imports
India's seafood exports diversify beyond US after tariffs; shrimp shipments up 18% in first 5 months of FY26: Report
India diversifies shrimp exports to China, 7 key markets but H2 exports may still see double-digit decline – Here’s why
‘With weaker nominal growth, improvement in fiscal isn’t that strong,’ says Vishrut Rana, S&P Global
India’s Q2 GDP growth likely to be 7.2%: Mint poll
Indian economy to cross $4 trillion GDP mark in the current fiscal: CEA Anantha Nageswaran
Ind-Ra ups India’s FY26 growth projection to 7%
CEA V Anantha Nageswaran confident Indian economy will cross $4 trillion mark in FY26 — Here's why
S&P sees India GDP growth at 6.5% for FY26, predicts 6.7% for next year led by tax, rate cuts
Tax cuts dent revenue growth, less scope for fiscal policy support to economy: Moody's
