India's export-import trade grew by 10% in 2016
“India’s EXIM trade growth was due to a strong surge in exports and a consistent increase in imports owing to a series of economic reforms undertaken by the government, as well as an increase in domestic demand and improved performance by key sectors such as textiles, agriculture, pharmaceuticals and automobiles,” Franck Dedenis, Managing Director — India, Sri Lanka & Bangladesh Cluster, Maersk Lines said.
Refrigerated Cargo grew by 62% as the import of Fruits & Nuts nearly doubled in growth on the back of demand for Apples in the third quarter of 2016.
For 2017 Maersk Line believes that India will continue to grow and improve its position in the global trade, delivering double-digit growth.
source: thehindu.com
