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India
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Jun 17, 2025
West Asia unrest: Government's meeting with trade stakeholders
With the latest conflict in West Asia shaking up the region, India's government is meeting with shipping and container companies to figure out what this means for trade.
There's worry about longer shipping routes, pricier insurance, and rising costs overall.
Commerce Secretary Sunil Barthwal says they're staying alert and ready to tackle these issues as they come.
TL;DR
Exporters raise concerns about detours
Exporters are flagging real concerns—about a third of traded goods might have to take detours through the Red Sea, which means more time and higher expenses.
Plus, with Pakistan's airspace closed and possible air freight hiccups over Iran, moving goods is getting trickier.
The government is looking for smart ways to keep things running smoothly despite these challenges.