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Even before the crisis, India's exporters very thin profit margins were between 3% to 7%

Shipping a container to Britain now costs around $4,000 against the previous total of $600

​Small firms export 40% of Indias merchandise exports and re-routing of ships has squeezed already thin margins.

The Red Sea crisis has caused significant shipping costs and times for Indian companies, leading to job losses and increased costs for small exporters. In India, small exporters, who account for 40% of the countrys annual merchandise exports worth $450 billion, have warned that job losses have started and could soar if the attacks, which began late last year, become prolonged.

Atul Jhunjhunwala, an exporter in the Indian eastern city of Kolkata, is tearing his hair out, having just lost another order due to the Red Sea crisis that has jacked up his shipping costs and...

NEW DELHI: Atul Jhunjhunwala, an exporter in the Indian eastern city of Kolkata, is tearing his hair out, having...

Red Sea News: The Red Sea crisis has caused significant shipping costs and times for Indian companies, leading to job losses and increased costs for small exporters. In India, small exporters, who account for 40% of the countrys annual merchandise exports worth USD 450 billion, have warned that job losses have started and could soar if the attacks, which began late last year, become prolonged.

An exporter in the Indian eastern city of Kolkata, Atul Jhunjhunwala is passing through a rough time, having just lost another order due to the Red Sea...