India, Feb. 11 -- In some of her interviews, Finance Minister Nirmala Sitharaman has expressed that uncertainties such as war, attacks on trading vessels, and relations between countries are the biggest challenges to the economy. These uncertainties have the potential to disrupt the supply chain, impact trade and commerce, and increase inflation.
Iran-supported Houthi rebels have been attacking trade ships and oil tankers passing through the Red Sea in solidarity with the residents of Gaza, who have been suffering from the Israeli attack that began on October 7 last year.
Trading communities are dismayed to see freight rates increasing substantially, along with additional burdens related to surcharges. Exporters, hoping for an early resol...