India launches Rs 500 crore aid for exporters hit by West Asia crisis.

The Indian government launched the Rs 500 crore RELIEF scheme to support exporters affected by logistics disruptions from the West Asia crisis. Announced by Commerce Secretary Rajesh Agrawal, the program targets MSMEs exporting to 17–18 impacted Gulf and West Asian destinations, offering financial aid for freight and insurance costs over up to three months. Implemented by the ECGC and funded from existing Export Promotion Mission resources, it covers both insured and non-insured exporters. The move aims to stabilize trade flows amid rising shipping costs and delays caused by regional tensions, including a U.S.-Israel strike on Iran. An inter-ministerial group is also addressing broader trade challenges.