Cargo traffic at major Indian ports to grow at 5.2pct in 2009-10
Economic think tank Centre for Monitoring Indian Economy has pegged the cargo traffic growth at major ports in India at 5.2% for 2009-10.
CMIE in its latest report on the state of the Indian economy said that the growth will come on the back of an expected increase in domestic demand and trade in the second half of the current fiscal.
The CMIE report also said that cargo traffic across the country's major ports clocked a robust 8.1% growth at 45.4 million tonnes during June on account of improvement in international trade and other factors.
The report said that traffic staged a recovery after witnessing a decline between October 2008 to May 2009 as 13 major ports registered an increase.
It said that improvement in the international trade situation and higher operational days with respect to cargo movement due to weak monsoon are said to be the main reason driving the growth adding the count was highest since May 2008.
CMIE in its latest report on the state of the Indian economy said that the growth will come on the back of an expected increase in domestic demand and trade in the second half of the current fiscal.
The CMIE report also said that cargo traffic across the country's major ports clocked a robust 8.1% growth at 45.4 million tonnes during June on account of improvement in international trade and other factors.
The report said that traffic staged a recovery after witnessing a decline between October 2008 to May 2009 as 13 major ports registered an increase.
It said that improvement in the international trade situation and higher operational days with respect to cargo movement due to weak monsoon are said to be the main reason driving the growth adding the count was highest since May 2008.