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TREND AND GROWTH OF PRODUCTION AND EXPORT OF FISH PRODUCTS IN INDIA

. F. REKHA MORAIS Part-time PhD. Research Scholar in Economics, V.O. Chidambaram College, Thoothukudi– 628 008 Affiliated to Manonmaniam Sundaranar University, Abishekapatti, Tirunelveli – 627012, Tamil Nadu, India.


Abstract

One of humankind's earliest known means of subsistence was fishing. It is among the biggest economic sectors on the planet. It is also the earliest form of economic organisation. It not only feeds billions of people every day but also employs millions of people around the world. The coastal communities rely heavily on this commodity. After China, India is the world's second-largest fish producer through aquaculture. The fishing industry is essential for the nation's economy and way of life. It is a moneymaker, a source of cheap and nutritious food, and a boon to the economy, so it is no surprise that this sector has been hailed as a major source of income and employment. Above all else, it provides a means of subsistence for a sizable share of the economically disadvantaged population. As a result, the research evaluates India's expanding fish-product industry. Indian fish production and export of fish and fish products have been on the rise, with respective CAGRs of 6.58% and 7.34% in the study. Indian fish production and export of fish and fish products are both on the upswing, as shown by the trend coefficients being positive and statistically significant at the 5% level. Indian fish production has a trend coefficient of 0.076, and fish and fish products exported from the country have a trend coefficient of 0.073.

Keywords: fishing production, growth performance, human production, traditional crafts, employment opportunities.

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