New Delhi, March 1 -- The ongoing conflict in West Asia will inevitably raise freight costs and stretch supply chains, SC Ralhan, President of the Federation of Indian Export Organisations (FIEO) said.

In addition, FIEO, in a brief statement, cautioned that heightened geopolitical risk typically results in higher marine insurance premiums, further adding to transaction costs for exporters.

"A prolonged disruption could also exert upward pressure on global energy prices, with consequential implications for input costs and currency stability, including pressure on the Rupee," observed FIEO.

While Indian exporters have demonstrated resilience in navigating past disruptions, sustained instability in these critical trade corridors would war...