Red Sea crisis, logistical challenges impacting India's exports: Experts

  • Posted on September 17, 2024
  • By Business News Today
  • 2 Views
Red Sea crisis, logistical challenges impacting India's exports: Experts

India's exports contracted by 9.3 per cent in August due to Red Sea disruptions and logistical challenges, with petroleum product exports dropping 37.56 per cent. The trade gap widened to USD 29.65 billion. Exporters face issues like lack of shipping space and irregular schedules. Measures like extending the RoDTEP Scheme are suggested to support exporters.
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Business News Today

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