‘Every day the meter is ticking. Like a time bomb.’Shipping giants are billing Indian exporters up to $3,000 per container in war surcharges — on cargo that sailed before the war began — as the Strait of Hormuz shuts down.
India’s February trade data reveals a slight dip in exports and a surge in imports, with the looming West Asia crisis poised to further disrupt trade dynamics and increase economic uncertainty. Photograph: Wolfgang Rattay/Reuters Key Points India’s merchandise exports decreased
Finance Minister Nirmala Sitharaman addresses concerns over the impact of recent US tariff changes on the Indian economy, stating that the Commerce Ministry is actively reviewing the situation before further comment. Photograph: ANI Photo Key Points Finance Minister Nirmala
