Indian shrimp export industry to witness 12% revenue decline in FY26: Report

Indian shrimp exporters face a projected 12% revenue decline in FY26 due to steep US tariffs, impacting their competitiveness against rivals like Ecuador. This tariff, effective August 27, significantly erodes India's cost advantage, compressing margins by 150 bps and increasing working capital stress. Diversification efforts into other markets offer limited price realization, necessitating strategic adaptations for financial stability.