Logistics disruptions along key maritime routes could cost India up to $4 billion in monthly exports if the crisis persists.
The escalating conflict in West Asia is placing India’s most critical trade corridor under severe strain. Ajay Sahai, Director General and CEO of the Federation of Indian Export Organisations (FIEO), warned that logistics disruptions along key maritime routes could stall as much as $4 billion of India’s monthly exports if the situation persists for a month.
Exporters are already scrambling to reroute cargo and explore alternative shipping corridors as they tap new markets to cushion the impact. West Asia sits at the heart of India’s external trade network, serving not only as a major energy supplier but also as a fast-growing destination for Indian goods. India’s merchandise trade with the region stands at approximately $180 billion annually, making it one of the country’s most important regional trade corridors, according to FIEO data.
Source: The Economic Times
