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The Economic Times

Economy / The Economic Times

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Geopolitical tensions cripple India-Middle East trade in March

India's trade with the Middle East saw a significant drop in March. Exports and imports fell by over 50 percent. This decline resulted from disruptions caused by the US-Israel attack on Iran. The Strait of Hormuz, a vital shipping route, faced temporary closure. This impacted shipments of gems, jewellery, engineering goods, and rice.

15 Apr 2026 9:18 pm