Modi govt sets firm eyes on the sea as new source of major exports

Economic Survey showed that share of marine products in exports has risen at the fastest pace

The government has set its eyes on the sea with an aim of expanding exports and developing capabilities in new goods.

The Economic Survey 2018 showed that the share of marine products in India's export kitty rose by the highest margin among all goods at 29.5 per cent. While India currently has a relatively small 2.7 per cent share in its overall exports, the sector has been upheld as one holding great potential by the Commerce Ministry.

Comprising mainly of shrimps, prawns and fish; India's aquatic exports stood at $5.5 billion in 2016-17 and has seen two consecutive years of