Gulf's retreat puts pressure on India’s air freight: reduced capacity and increased prices.

India's air cargo sector is struggling as major Middle Eastern airlines, which account for 20% of its international capacity, reduce flights, causing significant space shortages and soaring freight rates. This has particularly impacted exports to Europe and the US, with costs doubling on Middle Eastern routes and jeopardizing perishable goods. The situation has led to a sharp decline in cargo volumes at Indian airports, with exporters facing increased prices and limited capacity. As air cargo rates rise, shippers are also exploring alternative transshipment hubs to manage disruptions.