India's Shipping Ecosystem

India's limited control over its shipping and maritime logistics has led to a significant trade deficit of around USD 50 billion in the services sector. The vulnerability in the logistics ecosystem was highlighted during global crises like COVID-19, where shipping costs surged, adversely affecting exports. The lack of Indian-flagged vessels and dependence on foreign logistics systems make the country susceptible to disruptions, impacting trade and economic stability. The situation is deemed unsustainable, as nations with stronger control over logistics fare better during global disruptions.

Source: https://www.livemint.com/companies/news/we-need-to-strengthen-shipping-ecosystem-to-reduce-vulnerability-in-times-of-global-crises-agrawal-11752150521812.html

TPRM report: https://www.rankiteo.com/company/ministry-of-ports-shipping-and-waterways-india

"id": "min914080725",
"linkid": "ministry-of-ports-shipping-and-waterways-india",
"type": "Vulnerability",
"date": "7/2025",
"severity": "100",
"impact": "6",
"explanation": "Attack threatening the economy of geographical region"

{'affected_entities': [{'industry': 'Shipping and Logistics',
                        'location': 'India',
                        'name': 'India',
                        'type': 'Country'}],
 'date_publicly_disclosed': '2024-07-10',
 'description': 'India needs to strengthen its shipping ecosystem to reduce '
                'vulnerability in times of global crises and promote the '
                "country's trade. The limited number of Indian flag vessels "
                'leads to a trade deficit and makes the country vulnerable '
                'during global disruptions.',
 'impact': {'financial_loss': 'USD 50 billion trade deficit in services sector',
            'operational_impact': 'Increased logistics costs during global '
                                  'crises'},
 'lessons_learned': 'Countries with better control over logistics tend to gain '
                    'more during global disruptions.',
 'post_incident_analysis': {'root_causes': 'Limited number of Indian flag '
                                           'vessels and control over '
                                           'logistics'},
 'recommendations': 'Strengthen the shipping ecosystem to reduce vulnerability '
                    'and promote trade.',
 'references': [{'date_accessed': '2024-07-10', 'source': 'PTI'}],
 'title': "India's Shipping Ecosystem Vulnerability",
 'type': 'Economic Vulnerability',
 'vulnerability_exploited': 'Limited control over shipping and air cargo '
                            'spaces'}