India’s $75 Billion Freight Dependence Spurs 100-Ship Maritime Program

India’s $75 billion annual freight payout to foreign carriers for the majority of its maritime trade is indeed a major economic and geostrategic vulnerability that the government is rushing to fix.This dependence has created a structural weakness in the nation’s trade system, leaving critical imports exposed to external shocks and draining foreign exchange reserves.India spends $75 billion every
India’s $75 billion annual freight payout to foreign carriers for the majority of its maritime trade is indeed a major economic and geostrategic vulnerability that the government is rushing to fix.This dependence has created a structural weakness in the nation’s trade system, leaving critical imports exposed to external shocks and draining foreign exchange reserves.India spends $75 billion every
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