1. Port data paint a dull picture

Port data paint a dull picture

India’s exim and port data reveal a consistent slowdown in recent years, reflected in the capacity utilisation of ports as well as cargo tonnage.

By: | Published: March 20, 2017 3:29 AM
As for containerised cargo growth, the GDP multiplier for container traffic which had averaged 1.8x over FY06-10 came down to 0.9x in the FY11-16 period.

India’s exim and port data reveal a consistent slowdown in recent years, reflected in the capacity utilisation of ports as well as cargo tonnage. The exim throughput growth slowed to 0.25x of the GDP growth in FY16, as against 1.35x prior to the global crisis. As for containerised cargo growth, the GDP multiplier for container traffic which had averaged 1.8x over FY06-10 came down to 0.9x in the FY11-16 period. ICICI Securities estimates it to average 1x over the FY17-23 period.

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