Red sea disruptions dent India's exports | World DNA
Edited By WION Video Desk
Published: Jan 22, 2024, 21:31 IST | Updated: Jan 22, 2024, 21:31 IST
India faces a substantial setback to its exports. Threats to cargo vessels in the Red Sea have triggered a surge in shipping rates, prompting exporters to hold back on shipments. According to an initial assessment by the research and information system for developing countries, around $30 billion could be shaved off India's total exports in the current fiscal year, representing a 6.7% drop based on the previous year's $451 billion total.
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