India’s container trade growth plummeted in the second quarter, highlighting the country’s faltering economy and the increasing impact of global trade tensions.
According to Maersk’s latest India trade report, second-quarter container growth fell to 1%, compared to a 9% growth in the previous year, while imports grew just 2% and exports remained flat.
“It reflects a broad-based slowdown across key economic sectors,” said Steve Felder, managing director of Maersk South Asia.
“Amid increasing ...
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