News Snapshot:
The world is practically on fire. If the war in Ukraine had not wreaked enough havoc on global supply chains, the conflict in West Asia and the resultant impact on Red Sea shipping lanes is adversely affecting the trade calculations of a host of countries. India is not particularly insulated to the crisis, and yet, it is persevering rather remarkably. India’s exports rose to a three-month high of 3.12% to $36.92 billion in January, despite global uncertainties, including the Red Sea crisis, while the trade deficit narrowed to a nine-month low of $17.49 billion. However, that is not the story...