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India's seafood exports reached approximately ₹68,000 crore this year, marking a significant milestone.
This represents a growth of about ₹6,000 crore from the previous year's exports of ₹62,000 crore.
The Central government has met with seafood exporters to offer support for the sector's continued growth.
A statutory body responsible for the promotion and regulation of marine product exports from India.
Formulates and implements foreign trade policy, including export promotion schemes.
Responsible for the overall development and management of the fisheries sector in India.
To bring about the Blue Revolution through sustainable and responsible development of the fisheries sector in India.
Key: Aims to enhance fish production by 70 lakh tonnes, increase fisheries export earnings to ₹1 lakh crore, and double the incomes of fishers and fish farmers by 2024-25.
To provide a framework for increasing exports of goods and services, generating employment, and increasing value addition in the country.
Key: Includes various schemes and incentives to support exporters, such as duty exemption schemes and export promotion capital goods (EPCG) scheme.
Increased exports contribute positively to the current account component of the BoP, helping to reduce the trade deficit.
The growth in seafood exports is a key indicator of the success and potential of India's Blue Revolution initiative, which focuses on the holistic development of the fisheries sector.
Seafood is a significant component of India's overall agricultural and allied sector exports, contributing to the nation's food security and economic growth.
Promoting domestic production, value addition, and exports in sectors like fisheries aligns with the vision of a self-reliant India.
GS Paper III: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Government Budgeting. Investment models. Trade and Balance of Payments.
General Awareness: Indian Economy, Government Schemes, Current Affairs.
Economic & Financial Awareness: Export-Import data, Government policies, Key economic indicators, Banking sector reforms.
General Awareness: Indian Economy, Current Affairs, Government initiatives.
With reference to the international trade of India at present, which of the following statements is/are correct? 1. India's merchandise exports are less than its merchandise imports. 2. India's imports of iron and steel, chemicals, fertilisers and machinery have decreased in recent years. 3. India's exports of services are more than its imports of services. 4. India suffers from an overall trade/current account deficit. Select the correct answer using the code given below:
Answer: 1, 3 and 4 only
Which of the following are associated with 'Planning' in India? 1. The Finance Commission 2. The National Development Council 3. The Union Ministry of Rural Development 4. The Union Ministry of Urban Development 5. The Parliament Select the correct answer using the code given below.
Answer: 2 and 5 only
Consider the following statements: 1. India has more arable area than China. 2. The proportion of irrigated area is more in India as compared to China. 3. The average productivity per hectare in Indian agriculture is higher than that in China. How many of the above statements are correct?
Answer: Only two
Medium for specific export figures, High for broader economic concepts and government schemes related to trade and agriculture.
A statutory body under the Ministry of Commerce and Industry, Government of India, responsible for the promotion and regulation of marine product exports.
A flagship scheme for the fisheries sector in India, aiming for sustainable and responsible development to boost production and exports.
Sustainable use of ocean resources for economic growth, improved livelihoods, and ocean ecosystem health.