There is no adverse impact on India’s exports and imports so far due to the Red Sea crisis, an official said. The transportation cost has increased as shippers take a longer route, but volume terms remain unaffected. However, exporters are concerned about the significant jump in freight cost and the potential impact on India’s exports. The Red Sea crisis has disrupted global supply chains, leading to increased freight costs, mandatory war risk insurance, and significant delays due to rerouting.
