Industry forecast to see 7% CAGR over 2016-2021, driven by investments in waterways and port infrastructure, positive expectations of cruise shipping, and India’s positive economic outlook
India aims to become an important cruise shipping destination over the forecast period, and increase number of cruise tourists 20 times over the next four years
India plans large-scale investments into inland waterways and ports, providing new growth opportunities for the shipping industry
Economic growth, increasing consumption and simplified shipping rules contribute to industry’s growth
Industry’s turnover grows 4% in 2016 to over INR329.5 billion
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