New Delhi - The Red sea crisis and logistical challenges have severely impacted the country’s exports in August, which contracted 9.3 per cent, according to exporters and experts. Think tank GTRI said the contraction of petroleum product exports’ by 37.56 per cent to $5.95 billion in August is linked to the ongoing disruptions in the Red Sea.

These exports were $9.54 billion in August 2023.

“This dramatic decline has significantly impacted India’s overall merchandise trade, leading to a 9.33 per cent reduction in August . . .