India has not experienced an adverse impact on its exports and imports due to the Red Sea crisis so far, according to an official statement. While transportation costs have increased due to shippers taking longer routes, there has been no adverse effect on trade volume. However, exporters remain cautious as the significant jump in freight costs could potentially impact India’s exports. The trade data for January is expected to be released by the commerce ministry on February 15.
India Sees No Adverse Impact on Trade Amid Red Sea Crisis, but Exporters Cautious
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