Iran War Causes 7% Drop in India's Goods Exports in March
India's goods exports fell by 7% in March to $38.9 billion, driven by the Iran war, which increased shipping and insurance costs and weakened global demand. Exports to the U.S. and UAE dropped significantly, with the UAE seeing a 62% decline. The situation is expected to worsen before improving.
Topics: economic impact exports global trade India Iran war U.S. tariffs