The India-US trade deal is vital for Indian marine exports as the US takes 36.3% of India's seafood shipments in FY25, says government data. Frozen shrimp accounts for nearly two-thirds of these exports. India Ratings and Research (Ind-Ra) expects lower US tariffs to improve India's cost edge over Ecuador, Vietnam, and Indonesia. This may reverse the export slump seen between August and November 2025 when India faced duties up to 58%, much higher than competitors' 18-49%. Ind-Ra predicts the shrimp processing industry will perform better than its earlier forecast of a 12% revenue drop and a 150 basis-point margin decline in FY26. Better order visibility could also ease working-capital issues. CareEdge reports a 5% rise in shrimp exports to the US from March to August 2025, followed by a sharp 35% fall in August due to frontloading before tariff hikes. Exporters shifted sales to other markets, impacting profits since the US market offers higher value. Financially, leading marine exporters saw mixed results. Revenue grew year-on-year in two quarters up to September 2025, but margins dipped, with the average operating margin falling from 6.7% to 5.3% by September. The trade deal has raised hopes of a US market recovery, although analysts expect a gradual rebound since the peak holiday season is over and global demand may ease in 2026. Indian marine exporter shares rose between 6% and 31% on BSE since the trade deal announcement on February 2. Avanti Feeds and Waterbase surged 31% and 27%, while Sharat Industries and Coastal Corporation gained about 6% and 10%, respectively.