New Delhi, April 30 -- The geopolitical tensions caused by the still continuing Russia-Ukraine war has been impacting the global economy for quite some time now. Our exports suffered as well, with India's outbound shipments declining 3.1 percent to $437 billion in 2023-24, and now with tensions between Israel and Iran escalating, experts have pointed out that goods exports during the first quarter of 2024-25 may suffer again due to low global demand.
An exporters' association has cautioned that further escalation of the current situation could have serious implication on world trade, adding that the impact has already been evident to some extent with some exporters reporting fall in demand of engineering goods that are going to the UAE and...