Indian ports forecast to see single-digit volume rise in FY24: Ind-Ra - Fibre2fashion.com

India's logistics industry is expected to experience significant growth in the coming years, with a projected growth rate of 4-5% in FY24. This positive trend can be attributed to factors such as improved operational efficiency, government initiatives to enhance infrastructure, and stable freight rates. Despite disruptions caused by the COVID-19 pandemic, India has improved its logistics performance index ranking through strategic investments in infrastructure and digitalization of supply chains. However, a slowdown in foreign trade between the EU, US, and India could negatively impact India's cargo volume growth, particularly in terms of exports.

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