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India's export revival may be under threat. Blame it on container shortage

Global trade is being roiled by a shortage of containers because dire predictions of a collapse this year that prompted carriers to cancel sailings have proved too pessimistic

A file photo of shipping containers at the Port Newark Container Terminal in Newark, New Jersey. 	Photo: Reuters
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India’s exports in terms of volumes grew 24% July-October, while imports reduced 28% from the previous year.

Shruti Srivastava | Bloomberg
A recent revival in Indian exports is under threat because there aren’t enough shipping containers to get the goods across the sea.

Shipments of certain goods, especially sales of packaged foods, had surged in recent months as more people eat at home during lockdowns, boosting expectations of a busy Christmas season. But the global impact of the coronavirus on trade and a slump in Indian imports have led to a shortage of incoming shipping containers, boosting freight charges about seven times.

Vimal Agro Products Pvt., which exports goods like canned mangoes and pickles to the Indian diaspora, said orders that were intended

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