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India trade outlook to remain bullish in Q3 2018

As per DHL Global Trade Barometer figures, India’s trade growth in the third quarter will continue to exceed that of the world’s largest economies at 79 points despite a slight decrease in the pace of growth. This growth is driven primarily by air imports in high technology, machinery parts and industrial raw materials, and air exports for chemicals & products and consumer fashion goods are expected to also perform well. Ocean trade shows robust growth on both the import and export fronts, with industrial raw materials driving the positive outlook for ocean exports. Basic raw materials and high technology chemicals & products are expected to drive the import demand.

Developed jointly by DHL and Accenture, the DHL Global Trade Barometer provides a quarterly outlook on future trade, taking into consideration the import and export data of seven large economies: China, South Korea, Germany, India, Japan, the United Kingdom, and the United States. Together, these countries account for 75 percent of world trade, making their aggregated data an effective bellwether for near-term predictions on global trade. The DHL Global Trade Barometer, which assesses commodities that serve as the basis for further industrial production, predicts that global trade will continue to grow in the next three months, despite slight losses in momentum.

 

 
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