NEW DELHI :Robust investment activity and strong private consumption demand will drive the Indian economy in FY25 amid sluggish global growth, the finance ministry on Friday said in its economic review for February. However, challenges such as the impact of the ongoing crisis in the Red Sea and rising crude oil prices loom over the …
New Delhi: The Red Sea crisis has become a major threat to global trade and its impact on trade volumes will become visible in FY25, according to a report released on Tuesday by the Global Trade Research Initiative (GTRI), an economic think tank. The crisis began when Houthi militants attacked civilian-operated cargo ships near the …
New Delhi: With Iran-backed Shia Houthi militia coming out in support of Hamas terrorists in Gaza and randomly targeting commercial shipping in the Red Sea and Somalian Pirates playing havoc off the Gulf of Aden, major shipping companies are avoiding Bab El-Mandeb chokepoint as a result of which shipping costs and insurance have gone up. …