India’s merchandise exports reported a 3.12% increase to $36.92 billion in January despite global headwinds, showing positive growth for the second consecutive month. | Latest News India
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.
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 country s 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.
Federation of Indian Export Organisations (FIEO) said that recent tensions in West Asia, especially the threat for consignments routing through the Red Sea has further added to woes of the exporting community.
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