THE GOVERNMENT WILL take any remedial measure that may be required to deal with the fallout of the widening conflict in the West Asia on India's exports on the basis of how the situation evolves, a senior official said Monday.
"We are used to regional conflicts now... Policy interventions will only come after we understand the issues traders are facing. Based on that exercise, whatever is needed, the government will like to address that," commerce secretary Sunil Barthwal said.
He said the Ukraine conflict was much bigger in the sense that the whole of Europe as well as the US were involved, and it did impact India's exports.
The sanctions on Russia impacted supply of raw gems that had a direct impact on Indian Gems and Jewellery exports.
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