Overall cargo volumes in the country are projected to grow by 3-5 per cent YoY in FY26 supported by healthy volume growth in the container and fertiliser segments, while the petroleum, oil and lubricants (POL) segment is likely to grow in line with the long-term trend of 2-4 per cent.
However, coal cargo growth appears moderate.
The container segment witnessed healthy growth of 11 per cent YoY in FY25 with a growth of 5.9 per cent YoY in the first seven months of FY26, a half-yearly update on India’s port logistics by the Moody’s Ratings affiliate said.
Non-major ports led the container cargo development with a 16-per cent YoY growth, while major ports grew by 7 per cent YoY in FY25.
In the first seven months of FY26, major Indian ports recouped in this segment, while development in non-major ports was stable.
The containerisation of cargo continues to rise in India. However, container volumes at Indian ports will remain susceptible to geopolitical tensions and container availability, ICRA noted.
ALCHEMPro News Desk (DS)
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