Indian Port Market to Gain Traction in the Offing, Informs Chisult Insight in Its Novel Report Recently Added at MarketPublishers.com
30 Sep 2016 • by Natalie Aster
LONDON – Historically, India’s ports have no outstanding fame; for years they were characterised by poor infrastructure and inefficiency. At present, the Indian port market is following an upward trend. Indeed, many Indian state-owned ports are still in a rudimentary stage, the domestic private ports are currently substantial to compete with the global rivals. The share of private ports in India grew from 24% in the year 2005 to 45% in the current year; it is likely to grow further in the years ahead.
Nowadays, the Indian port market is gaining traction. For instance, in the first half of 2015, the throughput of the Indian ports increased by 4.3%; further, in the first half of 2016, the throughput of the country’s ports grew by almost 7% CAGR. The growth was higher at some private ports.
Furthermore, India’s ports’ throughput is anticipated to enjoy prominent growth at even faster pace in the short run, driven by rising domestic consumer demand, favourable weather conditions, rising agriculture exports, higher disposable incomes. In the long run, the strategy ‘Make in India’ adopted in the country is set to boost the share of manufacturing to 25% of GDP by 2022 (compared to 18% in the current year).
New insightful research report “India Port Industry Investment Research Report, 2016-2019” worked out by Chisult Insight Co., Limited offers a detailed review of the current situation in the Indian port market and also includes a future holistic outlook for the market up till 2019. The report contains a detailed comparative analysis of the Indian port market with other regional ports markets on the basis of vertical integrated business model and tariff regulation. The Indian port market performance (historical and present) is thoroughly analysed here along with an insightful overview of the major market growth influencing factors and market development trends. The report includes details on the key foreign and domestic port operators, vital data on the market dynamics and also identifies future growth prospects.
Many other research publications by Market Publishers’ partner, Chisult Insight, are available in this catalogue.