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

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India's port sector is poised for rapid expansion, outpacing many global economies, fueled by rising domestic consumption and government infrastructure initiatives. Cargo volumes have seen substantial growth, particularly in non-major ports. Ambitious targets are set to increase port capacity significantly by 2047, driven by factors like a young population and multimodal logistics, playing a crucial role in India's economic journey.