Ideas of India Badri Narayanan and M. Krishnan Navigate the Choppy Waters of Fisheries Negotiations
Mar 28, 2024
In this discussion, M. Krishnan, an economist specializing in fisheries, and Badri Narayanan Gopalakrishnan, an expert in trade policy, tackle the pressing issues facing India's fishing sector. They analyze the challenges of overfishing and illegal practices in Indian waters. Delving into WTO negotiations, they emphasize India's critical role and the need for fair treatment of developing nations. The conversation also covers advancements in technology, sustainable practices, and the importance of data in shaping fisheries policies. Expect insights into India's quest for a balanced approach amid global pressures.
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Overview of Indian Fisheries
- India's fisheries sector is diverse, including marine, inland freshwater, brackish water, cold water, ornamental fish, and seaweed farming.
- Recent government schemes and technology boost fisheries development and exports, especially shrimp farming for global markets.
IUU Fishing Threat from Foreign Fleets
- Foreign vessels, especially from China and the West, engage in significant illegal, unreported and unregulated (IUU) fishing in India's Exclusive Economic Zone (EEZ).
- Indian fisheries have low risk of overfishing due to small-scale artisanal boats and lower fishing capacity.
Minimal Indian Fishery Subsidies
- India’s subsidies to fisheries are minimal, mainly subsistence support, unlike Western countries giving large subsidies promoting overcapacity.
- Indian fishers receive very low assistance, contrasting sharply with massive subsidies seen in developed countries.