Optimizing Cost Benefits within Legal Constrains - Issues, Challenges, Opportunities & Solutions in Indian Aquaculture Export

Natural resources are the ecological boon for Indian economic development due to various plenty of conventional amp; non-conventional water resources available. India's economy is growing at 8%+ growth rate annually. Contribution of fisheries to Indian GDP is less than 1.5%, which is approximately 5% of the agricultural GDP. India's contribution in the global trade is also not significant. Thus there is a great potential exist which is not yet tapped in aquaculture production and export of aquaculture produces. This research project aims at finding issues and challenges at macro amp; micro level that is faced by aquaculture industry in India. There are natural, economical, social, political amp; technical problems in Aquaculture industry. The export procedure involves complex issues to be resolved by entrepreneurs. The entrepreneurs' skill need to be developed that they succeed in maintaining cost of the produces and improve quality that match international standards. This study after careful analysis of natural, economical, social, political amp; technical issues, aims to suggest measures to optimize cost and benefits, both social amp; financial. However, the study is pertaining to Indian aquaculture industry, the model may be replicable subject to local adjustments.The study is based on secondary amp; primary data. Using appropriate quantitative techniques and qualitative analysis, the study will offer solutions to the aquaculture industry to enhance export and profit margin without compromising quality of the products. This will help in sustainable development of aquaculture industry