NEW DELHI: In what comes as good news, volumes at India’s major ports rose a sharp 9.7% y-o-y in April, as against a growth rate of 4% in the past 12-odd months. This came partially on the back of a pick-up in iron ore exports resulting from favourable government policy and a revival in ore prices.
Edelweiss reports that trade flows in the first two months of FY17 seem to have been better than in the preceding quarter. While the feedback received was promising, it is still early days to spot in these figures a revival, it says.
