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India to follow China's growth trajectory?

NEW DELHI: December 24, 2015. A few years ago the BRIC countries - Brazil, Russia, India and China – were perceived as the engines of future global economic growth. Today, with its legacy legal system, democratic institutions and an English-speaking population, of the four India alone seems to be the focus of increasing inward investment by global manufacturers.

Following the general election last year of the BJP party led by Narendra Modi, the government has embarked on an ambitious structural reform program - not least of which includes the country's rail, road and air infrastructure – to complement the promise of double-digit GDP growth that has risen from less than 5.0 percent in 2012 to over 7.0 percent last year.

By comparison, China's GDP has dropped from 11 percent growth in 2010 to 7.0 percent in 2014 with speculation that it is nearer 4.0 percent.

With India's exports, infrastructure investment and R&D levels similar to those of China at the beginning of the Millennium, India may be ideally positioned to emulate China's rapid growth in the next decade - if it can improve its logistics environment.

According to India's Shipping minister Nitin Gadkari, the current cost of logistics is a barrier to the government's 'Make-in-India' initiative. Plans to improve India's air cargo industry and rail network are outlined in the next issue of Freightweek's magazine.

-Simon Keeble is the editor of Freightweek.

 

FREIGHTWEEK MAGAZINE

Vol.2/Ed.12

Railway past key to India's export future: The country plans to spend US$132 billion on upgrading its rail network to make it more competitive. Will it work? Read more

India outlines air cargo reforms: The government is proposing to liberalize its air transport industry in a bid to expand exports. Read more

Emirates Airline pitches for more of India: The country has “bounced back” says IATA and the Dubai-based airline is looking to play a bigger role. Read more

Turning a profit with circular logistics: The European Investment Bank (EIB) is to make €24 billion available to help businesses secure funding for the next five years. Read more

CMA CGM tests the waters: The arrival of its 18,000 TEU box ship on the U.S. West Coast in late December was more than a PR exercise. Read more

Urgent: integrating business and sustainability: Apparently many companies think Sustainability is part of their DNA. Apparently not says a new study. Read more

Location, location, location: A post-2008 Iceland saves itself and saves the planet – not bad from a population of about 320,000. Read more

Making Intelligent Mobility a reality: “If it ain’t broke, don’t fix it” doesn’t apply to innovation. Read more

Logistics moves away from the back-end: Asia Pacific is the fastest growing e-commerce market in the world. Pity about the 50 different Customs procedures. Read more

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