The fisheries sector has emerged as a sunrise sector in India, contributing significantly to food security, employment, and exports. Discuss its role in transforming rural and coastal livelihoods.

Answer: Model Answer approach

The importance of the fishing industry to the Indian economy and the actions taken by MPEDA are the topics of the inquiry.

Overview:

Give a current summary of the Indian fishing industry and its economic impact.

• In addition to giving employment and income to over 30 million people, the fisheries industry in India plays a vital role in meeting the country’s food and nutritional needs. It also generates USD 8.09 billion in foreign exchange earnings annually through exports.

Body: The Fisheries Sector’s Importance to the Indian Economy. The function of the MPEDA, or Marine Products Export Development Authority

The Fisheries Sector’s Importance to the Indian Economy

• Support the livelihoods of almost 30 million people, including fishermen, fish growers, and others working along the value chain, improving the economic prospects and general well-being of the coastal community. can aid in the farmers’ revenue being doubled. One of the healthiest ways to reduce hunger and nutrient deficiencies is to eat fish, which is a cheap and abundant source of animal protein. 
• From deep seas to lakes, ponds, and rivers, India boasts a wealth of varied and abundant fishery resources. It contributes around 10% of the world’s richness in fish and shellfish species.
• The notable increase in the production of farmed shrimp in brackish or saline water has significantly increased export earnings.

In closing, highlight the vital role that the fishing industry plays in economic growth as well as the proactive steps that MPEDA has done to control and encourage sustainable practices. Summarize any suggestions or upcoming plans that MPEDA has put up to improve the fishing industry’s economic impact on India.

• In addition to sustainable practices, MPEDA suggests tactics including technological investment, value-added product promotion, and international cooperation to further optimize the contribution of the fisheries sector. Together with ongoing regulatory efforts, these initiatives have the potential to advance India’s seafood industry and bring the country’s fishing community closer to Amrit Kaal by 2047.

Practice Question

Question: The fisheries sector in India plays a pivotal role in ensuring food security, nutritional needs, and livelihood generation. Discuss the significance of this sector to the Indian economy and evaluate the challenges it faces. (10 marks, 150 words)

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