BLOCKING OF SUEZ CANAL DURING ESCALATION, WILL BE A BIG HIT FOR THE COUNTRY’S TRADE
Subrata Majumder
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2023-10-28 11:04
The peculiarity of Hamas-Israel war is that unlike other wars or conflict, India do not succumb to the direct impact of the war. It is the spillover impact, which causes concern. Israel is not a major trading partner or major foreign investor in India. Neither, Palestine is. Israel accounts for less than 2 percent of India’s total trade. Trade between India and Palestine is not conducted directly. It is through Israel. Therefore, comprehensive trade statistics with Palestine are not available. However, according to an estimation by Ministry of External affairs, India-Palestine bilateral trade was US$ 67.7 million in 2020.