India’s container trade slumps amid ripples from tariff tussles

September 24, 2019 Gavin van Marle

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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