Red Sea Attacks Tripling Transportation Costs; India Is Feeling The Heat

The Red Sea is a vital shipping route for India, as it’s used to trade goods with Europe, the Middle East, Africa, and the US East Coast. However, attacks on commercial ships in the Red Sea by Yemeni Houthi rebels have caused global supply chain disruption and increased transportation costs for India.The shipping industry has faced increased costs due to re-routing vessels around the Cape of Good
The Red Sea is a vital shipping route for India, as it’s used to trade goods with Europe, the Middle East, Africa, and the US East Coast. However, attacks on commercial ships in the Red Sea by Yemeni Houthi rebels have caused global supply chain disruption and increased transportation costs for India.The shipping industry has faced increased costs due to re-routing vessels around the Cape of Good
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