Red Sea Crisis: Indian Exports Likely To Get $30 Billion Hit, May Drop 6.7%

Published On: January 09, 2024 - The disruptions in the red sea are leading to a crisis in world trade. The Red Sea is an important trade route with two major choke points - Bab al-Mandab Strait and Suez Canal - that account for 12% of the global shipping. However, the ships passing through Suez Canal are currently down to half the pre-attack number by the Houthi rebels. Join News9's Shweta Kothari and Kartik Malhotra for more updates.