Suez Canal Crisis 2024 Impact On India. The suez canal is a vital link for international shipping and accounts for between 12 and 15 per cent of global trade and about 20 per cent of container trade. A survey by the federation of indian export organisations (fieo), sourced by moneycontrol, shows that indian exports worth $64 billion could be impacted due to the suez.

There is no adverse impact on india’s exports and imports so far due to the red sea crisis, an official said. Over 300 vessels have opted for a 6,000 nautical mile diversion around the cape of good hope in recent days.