Despite geopolitical tensions, India's port sector expected to grow faster than major economies: Report

Despite global geopolitical tensions and economic uncertainties, India's port sector is expected to grow at a significantly faster rate than many major global economies, according to a recent report by PL Capital. This growth is being fueled by robust domestic consumption, rising trade volumes, and sustained government investment in infrastructure. The report emphasizes that the port sector's performance is closely linked to India's broader economic trajectory. With the government aiming to position India as a global manufacturing hub and boost exports, the logistics and port infrastructure sectors are poised for substantial expansion. Between FY2002 and FY2025, cargo volumes at Indian ports registered a compound annual growth rate (CAGR) of 6.2%. Notably, non-major ports led this growth with a CAGR of 9.1%, outpacing the 4.7% growth rate recorded at major ports. The strong demand for port infrastructure is