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Seafood exporters rebound after a 50% US tariff as India records record FY26 shipments
Economy
Published on 15 May 2026
A US tariff jump became the trigger for record exports
India’s seafood sector is turning tariff shock into momentum. After the US slapped a cumulative 50% tariff on Indian seafood last year—citing trade imbalance, anti-dumping claims, and links to energy purchases from Russia—exports were disrupted and some processing units had to pause. Instead of breaking, the sector diversified markets, boosted domestic demand measures, and restored access to high-value buyers. By FY26, India logged record exports, and the government is now considering a production-linked incentive scheme for deeper value-added growth.
- US imposed a cumulative 50% tariff on Indian seafood over multiple allegations
- In 2024-25, exports reached 1.7 million tonnes valued at Rs 62,408 crore
- The US took $2.71 billion—over a third of total seafood exports
- Andhra Pradesh, near 80% of shrimp exports, saw sharp shipping disruptions
- Australia lifted an eight-year ban on Andhra unpeeled prawns in October 2025
- By early 2026, 102 Indian fisheries were restored to the EU list
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times