Trade Relations:
* India exports refined petroleum, vehicles, steel, pharmaceuticals, and textiles to Turkey. * Imports from Turkey include crude oil, gold, marble, fruits, and machinery. * With Azerbaijan, India exports tobacco, electronics, machinery, and grains, while importing mineral oils, aluminium, raw hides, and cotton.
CAIT Statement:
* CAIT national president B.C. Bhartia and secretary general Praveen Khandelwal stated that a collective trade boycott by Indian traders could financially destabilize Turkey and Azerbaijan. * Turkey's domestic industries like stone mining, furniture, textiles, and food processing may face severe losses.
Impact on Tourism:
* MakeMyTrip reported a 60% drop in bookings and a 250% rise in cancellations for Turkey and Azerbaijan. * 800 members of a Gujarati group cancelled their Turkey trip, calling it the least they could do for India.
Political Sentiment:
* the #BoycottTurkey movement is gaining momentum amid accusations of the countries standing against India.