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No impact on India's trade from Red Sea crisis yet

Last Update 05 February 2024

Currently, the Red Sea crisis hasn't adversely affected India's trade; however, transportation costs have risen due to longer routes. The long-term impact is contingent on EU and US demand, constituting over 30% of India's exports. Exporters are exercising caution, expressing concerns about potential implications for India's exports arising from the significant surge in freight costs.


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