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India’s container trade expansion in 2017 outpaced larger economies and has potential to achieve stronger freight growth this year. Container trade to and from India was up an estimated 9% from 2016, despite widespread supply chain disruptions caused by recent tax and other regulatory reforms in the country. The fact that India’s trade growth has been well above the global average of 4% makes the emerging Asian economy one of the fastest growing in the world. North America in particular, registered a double-digit increase from 2016 to 2017. Maersk, which transports roughly 20% of India’s total container cargo, stated that 55% of India’s total trade currently moves in containers, with domestic automobile manufacturers showing interest in the cost benefit and ease of handling with the utilization of containers for their shipments.

For further reading on this topic:

Maersk: India’s 2017 Trade Growth Strong, 2018 looks Even Better

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