Rising shipping freight and container costs to hit Indian exports

Indian exports face a serious erosion of competitiveness in the global markets from rising shipping and container rates, the Trade Promotion Council of India (TPCI) said in a statement on Wednesday, August 11. According to the TPCI, prices of Indian exports face an average increase of five to eight percent in reaction to the sharp rise in shipping and container charges impacting products’ competitiveness in the international markets.