Exporters are bracing for a potential 10-15% surge in air freight rates to Europe as a result of Iran’s recent attack. The ongoing Red Sea crisis is forcing cargo to be diverted to air transport, leading to increased costs. Additionally, longer routes due to the crisis are causing delays in shipments, affecting the export of engineering goods. A Kolkata-based exporter is particularly concerned about a projected 30-35% decrease in new project exports. The combination of these factors is expected to significantly impact India’s exports to Europe.