The Indian government has taken measures to assist its businesses in response to the US imposing a 50% tariff. India is focusing on finding alternative markets, including Russia and China, to offset the impact. This strategy is a direct response to the economic measures implemented by the US. The objective is to support Indian exporters facing new trade barriers.
India’s seafood exporters are now looking at alternative strategies in light of the tariffs imposed by the US. The government has alerted seafood exporters to explore and develop markets for selling shrimp and other fish varieties. This is designed to help Indian businesses overcome these obstacles. The strategy focuses on providing seafood to these markets beyond the US.
Potential markets for India’s seafood exports include the UK, the European Union (EU), Oman, the UAE, South Korea, Russia, and China. With seafood being a significant part of their diet, South Korea is seen as a promising market. The government has emphasized the need for value addition and superior packaging to secure new markets. The value of India’s seafood exports has expanded substantially in the past decade, reaching 600 billion rupees. In fiscal year 2025, India’s exports of frozen shrimp were worth $7.38 billion, with the US accounting for $2.8 billion (35%). A large proportion of India’s seafood exports to the US consists of ‘Vannamei shrimp.’ Ecuador accounts for 19% of the US’s $6 billion annual seafood imports.