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India's $200 bn trade under threat, situation 'serious' as West Asia conflict continues
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Monday, 16 March, 2026, 08 : 00 AM [IST]
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Ashwani Maindola, New Delhi
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The ongoing conflict in West Asia, that started late February this year, has sent shockwaves through the Indian economy, threatening annual trade valued at nearly US$200 billion with the Gulf countries.
External Affairs Minister Dr. S. Jaishankar briefed Parliament, terming the situation as ‘serious’ for national interest, citing severe supply chain disruptions and maritime instability.
“Normal life and economic activities in the entire region were visibly affected and, in some cases, have come to a halt,” said Dr. Jaishankar while adding that the Gulf is a major trade partner, accounting for US$ 200 billion almost annually.
“The serious supply chain disruptions and climate of instability that we perceive are indeed serious issues,” added Dr. Jaishankar.
Meanwhile, Indian agriculture and food exports remain in the crosshairs as the war continues for the last two weeks.
As per reports, India’s $11.8 billion agricultural export market to West Asia is facing a massive crisis. The region accounts for over 21% of India's total agri-food exports, and the impact is being felt across several states.
Reports suggest approximately 400,000 metric tonnes of basmati rice are currently stuck at ports or in transit along with fruits, vegetables and meat shipments.
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