India Has Best Growth Outlook Among 7 Other Nations: Report

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On Monday a new 'Global Trade Barometer' study by DHL and Accenture released indicating better and infact best growth prospects of India in comparison to seven other major economies.

India Has Best Growth Outlook Among 7 Other Nations: Report

This has been attributed to sustained as well as strong footprint in air and ocean freight which has constantly surged whether inwards or out of the country.

The global logistics major in his report suggested best prospects for India going forward in comparison to South Korea and China. In the report, DHL global forwarding India's managing director George Laswon said "More than any of the world's largest economies, India's major industries have displayed levels of resilience and growth that will buoy business confidence in the short to medium turn".

With the use of predictive analytics, big data and artificial intelligence the study includes top trading countries of the world including the likes of the US, UK, South Korea, Japan, China, India and Germany that account for almost 70% of the world trade.

In respect of India, the report stated that since the year 2008, the country's GDP has almost doubled to USD 2.44 trillion on account of more of infrastructure investments.

With Inputs From PTI

Read more about: india, trade, gdp, ocean freight, air freight
Story first published: Tuesday, January 23, 2018, 7:27 [IST]
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