There are two groups of factors, namely fishery independent factors such as current, temperature and salinity and fishery dependent factors such as types of fishing, namely trawling, gill netting etc. with different mesh sizes and intensity of fishing indicating the number of units of each type of fishing. Hence assessment of capture fishery resources remains a puzzle even today. However, attempts have been made to develop suitable mathematical and statistical models for assessing them and for offering suggestions for judicious management of the resources. This paper indicates in brief the important characteristics of the capture fisheries, their assessment and management with particular reference to India.