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India: Exports of marine products drop 9% to $7 37 billion in 2023-24 – ICSF

India: Exports of marine products drop 9% to $7 37 billion in 2023-24 – ICSF
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Republic ofUnited statesMegaa modaYogesh guptaManaging director

Exports of marine products drop 9% to $7 37 billion in 2023-24

Indian marine exports declined in 2023-24 due to demand slowdown, but exporters are optimistic for growth in 2024-25.

Republic ofUnited statesMegaa modaYogesh guptaManaging director

frozen shrimp: Exports of marine products drop 9% to $7 37 billion in 2023-24

According to exporters, demand slowdown, high inflation in developed economies and increasing exports of frozen shrimp from Ecuador to America are some of the reasons for dip in India s exports last fiscal. Leading exporters from the sector Yogesh Gupta, Managing Director, Megaa Moda, said that as the US has imposed anti-dumping duty on Ecuador, "our products would now compete and increase exports".

Republic ofUnited statesMegaa modaYogesh guptaManaging director

Exports of marine products drop 9% to $7 37 billion in 2023-24

According to exporters, demand slowdown, high inflation in developed economies and increasing exports of frozen shrimp from Ecuador to America are some of the reasons for dip in India's exports last fiscal. Get more Economy & Infra News and Business News on Zee Business.

Republic ofUnited statesYogesh guptaMegaa modaManaging director

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