LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Rupee, industrial production, infra development boost this segment 10% in H1

Containerised cargo segment in India witnessed a double-digit growth of 10% during the first half (January-June) of the current year. The double-digit growth is being attributed to a mix of fluctuating rupee, growing industrial production and ongoing infrastructure developments in the country.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Rupee, industrial production, infra development boost this segment 10% in H1
Containerised cargo segment in India witnessed a double-digit growth of 10% during the first half (January-June) of the current year. Image source: DNA
Written By: DNA Money Correspondent
Updated: Wed, Sep 05, 2018
11:09 am
ZeeBiz WebDesk
RELATED NEWS
For every rupee government earns, 53 paise to come from taxes For every rupee government earns, 53 paise to come from taxes
Rupee falls 24 paise to 73.48 against US dollar in early trade Rupee falls 24 paise to 73.48 against US dollar in early trade
CURRENCY IN CIRCULATION - Rise by Rs 3.23 lakh cr in first nine months of FY21; Know what people preferred in Covid times CURRENCY IN CIRCULATION - Rise by Rs 3.23 lakh cr in first nine months of FY21; Know what people preferred in Covid times
Rupee rises 7 paise to close at 73.24 a dollar Rupee rises 7 paise to close at 73.24 a dollar
Rupee slips 4 paise to 73.11 against US dollar in early trade Rupee slips 4 paise to 73.11 against US dollar in early trade

Containerised cargo segment in India witnessed a double-digit growth of 10% during the first half (January-June) of the current year. The double-digit growth is being attributed to a mix of fluctuating rupee, growing industrial production and ongoing infrastructure developments in the country.

As per AP Moller-Maersk’s trade report, the 10% rise included an increase in containerised exports to 8% and imports of 12%.

Automotive exports to the United States, Egypt and Turkey helped dry cargo exports grow 10%.

“China’s decision...to increase restrictions on waste imports and close certain types of factories to reduce pollution has continued to benefit local Indian paper recyclers and manufacturers,” read the report. The rising domestic demand for newsprint, packaging and writing paper has led to a 29% growth in waste paper imports to India, making it the fastest growing paper market.

Watch this Zee Business video here:

In a move that will help reduce the widening trade deficit, there was a decline in reefer imports, primarily because of the government imposing a ban on Chinese grown apples and pears since May 2017.

On the subject, Steve Felder, managing director for Maersk Line (South Asia), said, “Evolving external bilateral trade dynamics, coupled with an increasingly robust domestic trade environment is enabling India to position itself as among the most pursued global destinations for foreign investments.”

Source: DNA Money

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Indian Rupee
RELATED NEWS
For every rupee government earns, 53 paise to come from taxes For every rupee government earns, 53 paise to come from taxes
Rupee falls 24 paise to 73.48 against US dollar in early trade Rupee falls 24 paise to 73.48 against US dollar in early trade
CURRENCY IN CIRCULATION - Rise by Rs 3.23 lakh cr in first nine months of FY21; Know what people preferred in Covid times CURRENCY IN CIRCULATION - Rise by Rs 3.23 lakh cr in first nine months of FY21; Know what people preferred in Covid times
Rupee rises 7 paise to close at 73.24 a dollar Rupee rises 7 paise to close at 73.24 a dollar
Rupee slips 4 paise to 73.11 against US dollar in early trade Rupee slips 4 paise to 73.11 against US dollar in early trade

LATEST NEWS

Gold Price Outlook: Yellow metal falls by over Rs 11,500 in last six months; may crash much more

7th Pay Commission: Central Government Employees' Dearness Allowance (DA) to become 25 pct from April 2021?

ITC Share Price: Experts give 'share to buy' tag; predicts up to 25% profit in three months

DDA Housing Scheme 2021: Draw for allotment of flats on this DATE—Watch it live on AWAAS app

EaseMyTrip IPO Review: Issue opens on Monday! 'SUBSCRIBE' say experts; check details like important dates, price band, lot size, many more

PPF Calculator: You can double Public Provident Fund income and save income tax outgo - you will need this help

Gold Price Outlook – Gold, Silver prices may see further fall next week; expert tells what to do to maximise gains

Stock Market Outlook: Anil Singhvi reveals Nifty, Bank Nifty support range, says investors should trade keeping volatility in mind

Indian economy outlook 2021: This is why FY 2021 GDP performance will be better than projection—Finance Ministry EXPLAINS

NEET 2021 exam: Check here the latest update on dates and all you need to know for registration before appearing in the test

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved