India Faces High Shipping Costs Despite Falling Oil Prices

Even though oil prices are going down, shipping costs in India are still very high.

This is because ships are avoiding areas with conflicts, like the Strait of Hormuz and Bab el-Mandeb.

These conflicts make it unsafe and more expensive to ship goods through these important routes.

As a result, ships take longer routes, which costs more in fuel, crew, and time.

This also causes congestion at Indian ports, making it harder and more expensive to move goods.

Indian exporters are asking the government to help by making shipping safer and more reliable.