India, Aug. 17 -- With growing shipping chokepoints, India must treat maritime insecurity as a persistent trade risk and strengthen its domestic shipping capacity, trade finance, naval protection and alternative transport corridors, economic think tank GTRI said on Sunday.

It said that the Red Sea crisis has completed 1,000 days without a durable solution, showing that military action can intercept missiles but cannot restore commercial confidence.

For India, it said, the crisis has made trade with Europe, the UK, North Africa and the US East Coast slower and more expensive, hurting MSME exporters through higher freight, insurance and working-capital costs.

"As shipping chokepoints are growing, India must treat maritime insecurity as a...