Port Cargo Traffic
Source: CMIE Economic Outlook, 1 Finance Research
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What does the Port Cargo Traffic data represent?
- This data represents the total volume of cargo (both exports and imports) handled by major ports in India.
- It includes various types of cargo such as bulk cargo, liquid cargo, container cargo, and break-bulk cargo.
What is the significance of Port Cargo Traffic data?
- The volume of cargo handled by all major ports data is a crucial indicator for the maritime trade sector and provides significant insights into the broader services sector and overall economic trends in India.
- This data provides insights into the demand for the services, particularly in areas like shipping, logistics, warehousing, and freight forwarding and the overall efficiency of the supply chain.
- Analysing this data can offer insights into the adequacy and efficiency of port infrastructure and the impact of trade policies and international agreements on maritime commerce.
How to interpret the Port Cargo Traffic data?
- High volumes suggest robust import and export activities, which are vital for economic growth.
- Long-term trends in this data can indicate the health of global trade connections and the economy’s openness to international markets.
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