The Rise and Fall of India's Shrimp Exports

India began modern shrimp farming in the late 80s at a time when demand for shrimp was on the rise. The Indian government also doubled down on this optimism and offered subsidies so farmers could invest in processing facilities, equipment and local breeding programs. A disease breakout in 2009 named the early mortality syndrome or the EMS ruined black tiger shrimp farms all over China, Thailand and Vietnam. Today they contribute nearly 67% of India's seafood exports as compared to just a tiny percentage in FY10.