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The Economic Times

Economy / The Economic Times

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India's trade with West Asia gradually improving: Commerce Secy

India's trade with West Asia faced disruptions in May due to the US-Iran conflict. Exports saw a slight dip but are recovering. Imports also declined significantly. The conflict impacted shipping routes like the Strait of Hormuz. Despite challenges, Indian exporters are utilizing Omani ports. A peace deal between the US and Iran is anticipated to ease trade further.

15 Jun 2026 7:51 pm