Container Shortage Crisis Puts A Dry Spell on Trade Activity

• The recent Budget has proposed subsidy support to vessels that register in India.
• More than 85% of global trade happens in containers.
• Containerised imports have seen a sharp decline since July-August 2021.

An article in CNBC TV18 reports of the ongoing container shortage crisis in the post pandemic scenario.

Exports are the lifeline of an economy and if fuels GDP growth, earns foreign exchange, makes goods competitive and generates employment.

India has an...

https://mfame.guru/container-shortage-crisis-puts-a-dry-spell-on-trade-activity/