September 28, 2026 3:03 PM

Government pushes aquaculture insurance with 40% premium incentive

India’s rapidly expanding aquaculture sector is increasingly confronting a challenge that can undermine years of investment in a single crop cycle - the financial impact of disease, floods, cyclones and other natural and non-preventable risks. With fish production more than doubling over the past decade and aquaculture now accounting for around 74 per cent of the country’s total fish production, the government is seeking to make insurance an integral part of aquaculture risk management thro...

April 6, 2026 3:21 PM

India’s annual fish production doubles over 10 years

India’s fish production has more than doubled over 10 years to 197.75 lakh tonnes in 2024-25 from 95.79 lakh tonnes in 2013-14, making it the second largest producer of marine products in the world, according to a factsheet put out by the Central government on Monday. Collectively, fisheries-related schemes implemented since 2014-15 have generated an estimated 74.66 lakh direct and indirect employment opportunities, underscoring the sector’s expanding role in inclusive and sustainable econo...