India’s trade with Turkey is in the limelight recently for geostrategic purposes, causing worry about imminent curbs on imports. Much of Turkey’s imported items would become much more expensive if the Indian government cuts economic relations. Since Turkey serves as a supplier for India of quality items as well as important inputs, any dislocation in trade will touch industries ranging from food to building and home furnishings in the middle of India-Turkey Trade dispute.

A projected decline in trade ties with Turkey will impinge upon industries as diverse as building supplies to lifestyle and cuisine. Other markets may take up some of the slack, but the price of indulgences and necessities will surely go up. Buyers and companies will have to wait for likely price action and supply chain changes in the coming months before talks are completed.

Expensive Products in India Due to India-Turkey Trade Dispute

1. Marble and Construction Material

Turkey is a major importer of high-quality marble to India, which is used on a large scale for construction, interior work, and architecture. If imports are halted, the marble price will skyrocket significantly, directly impacting real estate development and luxury renovation plans.

2. Imported Fruits and Nuts

India also imports large quantities of dry fruits, apples, and cherries from Turkey. It would force the Indian importers to discover alternative markets in case of a trade embargo, thereby increasing prices for the consumers.

3. Textile Products and Carpets

Turkish good-quality wool and silk carpets enjoy wide popularity in India. Imports would render the carpets rare and pricey, particularly in home furnishings and luxury textile companies.

4. Home Furnishings and Furniture

Turkish handcrafted furniture and other products are used in upscale interior design and hotel decor. Decreased supply would reduce the availability of the products, as well as their price.

5. Olive Oil and Spices

Turkey is a net exporter of olive oil, herb teas, and gourmet spices to India. Replacing trade would reduce the availability of the products and their price higher along with demand shifting to alternative producers.

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