Vol. 7, Issue 4 (2020)
Employment generation and revenue earning potential of marine fisheries sector in India
Author(s): NK Patra
Abstract: India is the second largest fish producing country in the world accounting for 6.56% of global production and contributing about 1% to the country’s Gross Value Added (GVA) and over 5.37% to the agricultural GVA, fisheries and aquaculture continue to be an important source of food, nutrition, income and livelihood to millions of people. Export earnings from the Fisheries sector has been Rs.45106.89 crores during 2017-18 and has registered an impressive average annual growth rate of about 19.11%.The fisheries sector has been recognised as a powerful income and employment generator as it stimulates growth of a number of subsidiary industries and is a source of cheap and nutritious food, at the same time it is an instrument of livelihood for a large section of economically backward population of the country. Fishery sector occupies an important place in the socio-economic development of the country. "Fisheries is a fast-growing sector in India, which provides nutrition and food security to a large population of the country besides providing income and employment to more than 16 million people.