Posted on July 28, 2022

The Ukraine-Russia conflict has affected exports of Indian pharmaceuticals, tea, coffee and marine products, but bilateral trade with Russia has improved.

The precise implication of the war scenario could be assessed only after the situation stabilises, Mr. Goyal said in response to MPs’ queries as to whether the government had estimated the scale of impact of the war in Europe on Indian industry and commerce.

“As per the feedback received from the industry, exports of some products from India are affected such as pharmaceuticals, telecom instruments, tea, coffee, marine products, etc.” a minister said in the Lok Sabha.

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