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Trade Insights
IMF’s Top 10 Sea Trading Countries
Only some countries have emerged as experts to become top sea traders. After studying 1,634 seaports in 183 countries, the International Monetary Fund (IMF) has observed that most maritime trade is concentrated in some major ports and nations. Let us dive further to learn more about these economies.
06 December 2022
Trade News
Morbi Ceramic Cluster Takes Production Holiday
The tile and ceramic units based in Morbi had to take a production holiday due to several external factors. Lower demand for containers from ceramic and tiles exporters at Munda port is expected to bring down freight rates for the next month or so.
Foreign Exchange: Risk-reward Tightrope
Cross-border trade and uncertainty are inseparable. The risk of foreign exchange rate fluctuation is probably the biggest concern for those involved in international trade. Earning foreign currency, especially the US dollar, helps to pay for imports and narrows the balance of payments of a country.
Expert Speak
Container Self-sufficiency Key for India’s Trade
Following the acute container crisis during the Coronavirus pandemic, the Indian government realized that self-sufficiency is the need of the hour. It is astonishing to learn that India, a member of the Brazil Russia India China and South Africa (BRICS) economic grouping, with ambitions to achieve $1 trillion worth of exports by 2030 currently does not have container manufacturers.
Industry Trends
India Sugar Exports and Outlook
Sugar marketing season starts from October. The cane crushing season generally starts in October-November and continues till mid-April. India’s total sugar production is estimated to be higher at 40 million tons in the 2022-23 season when compared to 39.5 million tons in the current season.
Railways Key to India’s Logistics Future
India’s logistics policies have focused more on road transport, a mode which ended up cornering 70 per cent of freight transport in the country. Insufficient rail capacity, particularly on some high-density routes has been found to be one of the causes for the decline in rail freight volumes.
Indian Economy: August 2022
India has become the world’s fifth-largest economy after it overtook the United Kingdom in end-March 2022. Excess liquidity in the economy is being withdrawn through monetary policy measures, while Indian securities markets have become an outlier in the world.
Policy Updates
India Gets A National Logistics Policy
Prime Minister, Shri Narendra Modi launched the National Logistics Policy (NLP) at Vigyan Bhawan, New Delhi on 17th September 2022. NLP is a comprehensive effort to enhance efficiency of the logistics ecosystem in India.
Indian Economy: 2022 Outlook
If you have been paying attention to commentary from economists and global business leaders, a recession in 2023 is inevitable. The union and state governments in India need to get their act together and prioritise capacity building measures.
