India Freight Transport and Shipping Q1 2018
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BMI View: The short and medium-term outlook for the Indian economy remains robust with steady growth projected in both imports and exports. Furthermore, the ongoing multi-billion dollar logistics improvement projects in the construction pipeline aim to overhaul the entire transportation backbone of the country. The Modi government has undertaken aggressive reforms towards bolstering India's competitiveness, logistics networks and trade relationships. Growth in the country will be delivered by a number of domestic factors, such as a steady rise in demand and consumption, rising incomes and significant government spending on infrastructure. Additionally, the Make-in-India campaign will bolster manufacturing, and exports of mining and metals will also perform strongly. A number of factors, including a potential free trade agreement with the European Union and a post-Brexit UK, along with ever-closer ties to Japan all bolster the medium and long-term outlooks.