The ongoing maritime disruptions have severely impacted India’s industrial hubs, particularly Ludhiana’s cycle and knitwear sectors. Volatility in global oil prices has led to a sharp increase in the cost of raw materials like steel and rubber. Exporters report that Middle Eastern buyers are becoming increasingly cautious, leading to a visible slump in new orders. Industry leaders are now calling for government intervention and policy support to help SMEs survive the combined pressure of high freight costs and supply chain delays.