West Asia war escalation may push logistics cost; disrupt, oil, electronics agri trade: Exporters

Quick Summary:

Think tank Global Trade Research Initiative (GTRI) stated that the conflict is already hurting India's trade with countries like Israel, Jordan, and Lebanon.

NEW DELHI: The escalation of conflict in the West Asian region is expected to push already high logistics costs besides hurting trade in sectors such as oil, electronics and agriculture, according to exporters.

Imports from Jordan were $699.28 million during the first four months of this fiscal.It was $1.4 billion in 2023-24.

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Article Details

Author / Journalist: PTI

Category: Business

Markets: IndiaIsraelJordanKuwaitLebanonQatarSaudi Arabia

Topics: Gtri Global supply chain West asia war Fieo Exporters india India exports

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 10:30:04 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1348 words

Reading Time: 8 minutes read

Sentences: 40 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 22858734

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