Centre is considering subsidizing exporters amid Red Sea crisis
Image Credit: reuters
India is exploring various strategies to aid exporters in tiding over the Red Sea crisis, as per Moneycontrol. These include offering subsidies, to counterbalance the increased shipping costs and insurance premiums resulting from recent attacks on cargo ships in the Red Sea. According to a government official, "Indian exports are getting impacted, and there are concerns that agricultural commodities may see a fall in exports, because it goes to Europe through the Red Sea route."