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Red Sea route accounts for 50% country's exports, 30% of imports: Report

By Economic Times - 9 months ago
The ongoing crisis around the Red Sea shipping route, resulting from Houthi attacks on commercial vessels, may impact various industries in India. The Red Sea route via the Suez Canal accounts for 50% of the country's exports and 30% of imports. Sectors like agricultural commodities and marine foods, due to perishable goods and lean margins, could see significant impacts.

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