When Freight and Fear Outweigh the Rupee: Why India Is Insuring Its Labour-Intensive Exporters Against War
The Commerce Ministry announced the extension on 26 October 2026, citing continuing geopolitical disruption in West Asia and its impact on maritime logistics across the Gulf. Official data show that low-margin exports are struggling with high freight rates and port congestion. India's merchandise exports nevertheless grew 18.51% in April-September 2026, led by electronics.