Turbulent Tides: India's Trade Plummets Amid West Asian War

India's trade with West Asia fell over 28% in April, its second consecutive decline, due to shipping disruptions caused by the US-Israel-Iran conflict. Key export sectors, including gems, jewellery, and electronics, were hit hard. Measures are being implemented to mitigate the conflict's effects on this crucial market.

India's trade engagement with West Asia has sharply declined, dropping over 28% this April, marking the second month of downturns.

The reduction is primarily linked to disruptions in shipping routes following the ongoing conflict involving the US, Israel, and Iran.

Key sectors like gems, jewellery, and electronics suffered notably, prompting India to introduce measures to support affected exporters.