India Freight Transport and Shipping Q2 2018
The Indian economy has a promising short- and medium-term outlook with steady trade volume growth expected overthe next five years. A crucial pillar of India’s economic development is the ambitious infrastructure development effort undertakenby Mr. Modi. The multi-billion dollar logistics improvement projects in the construction pipeline aim to overhaul the entiretransportation backbone of the country. The Modi government has undertaken aggressive reforms towards bolsteringIndia's competitiveness, logistics networks and trade relationships. India’s freight and logistics sector will further benefit from thesteady rise in domestic demand, rising consumer spending powers and the growing pool of middle class consumers in a country ofover 1.2bn citizens. BMI is hopeful that increased regulatory activity including greater free trade agreements in a post-Brexit era willencourage India to forge greater trade alliances to ensure sustained national economic prosperity.
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