SURGE IN FREIGHT COSTS IMPACTING INDIAN EXPORTERS
Why in the news?
Indian exporters face higher freight costs, increasing working capital needs and impacting profit margins, particularly hurting small businesses.
source:wordpress
About Rising Freight Costs:
- Fourfold Increase: Recent container freight rates have surged fourfold, significantly impacting Indian exporters’ profit margins.
- Working Capital Strain: Increased freight costs are raising working capital requirements, particularly affecting smaller exporters with thin margins.
What is Freight Rate?
About India Ratings and Research (Ind-Ra):
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