FISHING AND AQUACULTURE SECTOR: AN EMERGING INDUSTRY IN INDIA

Abstract

Fisheries and aquaculture sector is considered as a sunrise sector in Indian economy and it has witnessed a magnificent growth from 0.75 MT to 10.79 MT which is around 950 per cent that constitute eleven fold increase of fish production during the last six decade. India achieved the status of 2nd largest country in the production of fisheries in 2018-19.Therefore, there is need to analyse the growth of this sector during last few years. The objective of the study is to analyse the year wise growth of fishery sector from 2012-13 to 2018-19 in India. The growth of top 10 states were also analysed during this period. The study concluded that this sector is growing in Coastal as well as Non-Coastal States. Andhra is highest growing state among top 10 states with the CAGR of 16% and Odisha is second highest growing State. Non Coastal States like Chhattisgarh, Bihar and Utter Pradesh are also growing with the CAGR of 11%, 7% and 6% respectively.