Key Points
The Israel-Hamas conflict is expected to impact the trade of gems and jewellery between India and Israel, exporters said on Monday..
Total gems and jewellery trade between India and Israel stood at USD 2.04 billion in 2022-23 as against USD 2.8 billion in 2021-22...
"The war situation will further intensify the blow to the trade between Israel and its second-largest trading partner in Asia, India," Shah said.. Mumbai-based exporter and founder chairman of Technocraft Industries India Sharad Kumar Saraf said the conflict may have an impact on Indian exporters in the short run...
Total India-Israel trade in merchandise and services sectors in 2022-23 is estimated to be USD 12 billion...
India's merchandise exports and imports from Israel during 2022-23 were USD 8.4 billion and USD 2.3 billion, respectively, leading to a merchandise trade surplus of USD 6.1 billion...
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