How the Hormuz Strait crisis is squeezing India's SMEs
Business
The effective halt of shipping through the Strait of Hormuz, initially by Iran and the subsequent US naval blockade of Iranian ports, is hitting multiple sectors in India's economy, exposing the country's dependence on the critical trade and energy corridor. India has substantial trade ties with the Middle East, accounting for about 15% of India's exports and 20.1% of its imports from April to December 2025, according to Commerce Ministry data. A significant share of India's energy imports,
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