The persistent Red Sea Crisis, fuelled by attacks from Yemen-based Houthis on commercial shipping, is casting a shadow over the Indian business landscape, notably affecting the tread rubber sector.
Trade Being Affected
The Indian government has responded by joining the US-backed Combined Maritime Forces initiative, deploying naval vessels to bolster security along this crucial maritime corridor.
The crisis poses a significant threat to India’s exports, potentially curtailing them by an estimated $30 billion during the current financial year. Much of India’s $230 billion trade wi...
Trade Being Affected
The Indian government has responded by joining the US-backed Combined Maritime Forces initiative, deploying naval vessels to bolster security along this crucial maritime corridor.
The crisis poses a significant threat to India’s exports, potentially curtailing them by an estimated $30 billion during the current financial year. Much of India’s $230 billion trade wi...
