India, Feb. 18 -- The Red Sea is a busy corridor for India's sea trade to Europe and the US and any disruption can have significant consequences. January was widely expected to be the first month to reflect the impact of the disruptions in the Red Sea on merchandise trade. India's merchandise trade, however, is braving the choppy Red Sea waters as shows the January data with exports rising 3.12 per cent y-o-y in January 2024 at USD 36.92 billion compared to USD 35.80 billion in January 2023 and growing from 1.0 per cent in December. Import growth is also picking up 3.0 per cent from 4.9 per cent. Merchandise imports in January 2024 were USD 54.41 Billion, as compared to USD 52.83 Billion in January 2023.
Published by HT Digital Content Ser...