The antiCOVID measures imposed by the government had devastated the Indian economy inside out. The country recorded a 23.9% decline in GDP, the biggest among all major G20 countries. However, in the third quarter of 2020 the economy revived quickly as lockdown restrictions eased nationally.

But now the Transpacific route is currently facing one of the worst container shortages ever since containerizatio n transformed the shipping and logistics industry. Dire predictions of a collapse in a trade made by the authorities prompted carriers to cancel sailings, a move that has proved to be too pessimistic.

Lower imports => a lower number of containers coming into the country. On the other hand, Indian exports are slowly recovering to pre-pandemic levels.
India’s exports in terms of volumes thrived 24% July-October, while imports curtailed by 28% from the same period the previous year. This forced companies that used to ship out empty containers from India to bring them into the country and move them inland where factories are located at a huge cost, according to the country’s Container Shipping Lines Association.

The result: charges for almost all routes have nearly tripled. From India's Jawaharlal Nehru Port or JNPT, Vimal Agro’s freight costs have doubled to $1,800 per container for the U.K. and charges have gone up three times to $1,500 for Australia. Another company, Capital Ventures, is currently paying $200 for Singapore where it was earlier $20 and $700 instead of $200 for Dubai.
Currently, the waiting time for containers is two weeks or more, while normally it is 1-2 days.
Yes, we, the people will pay for that.