The Indian government is poised to introduce additional support for exporters facing challenges due to the ongoing crisis in West Asia, as stated by Commerce and Industry Minister Piyush Goyal. The crisis, exacerbated by a US-Israel attack on Iran in February, has disrupted maritime trade, resulting in increased air freight and insurance costs. In response, the government has already initiated a relief package worth ₹497 crore (approximately $60 million USD) aimed at assisting exporters. This package includes considerations for freight subsidies to ease the financial burden on traders. Goyal highlighted the global concerns regarding the war's impact on trade and the economy during his discussions with international trade ministers at the WTO meeting in Cameroon. Despite these challenges, he reassured that India remains resilient in terms of food and energy security, with sufficient supplies of liquefied petroleum gas (LPG) and industrial liquefied natural gas (LNG) being maintained. In February, India's merchandise exports saw a slight decline of 0.81% year-on-year, totaling $36.61 billion, while the trade deficit decreased to $27.1 billion compared to the previous month.