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Indian ships lose share in country's overseas trade: Survey

Indian ships lose share in country's overseas trade: Survey
PTI| Aug 11, 2017,

NEW DELHI: Indian ships saw a sharp decline in their share in carriage of country's overseas trade while about half of the domestic shipping fleet is aged, Economic Survey said today.

"There has been a sharp decline in the share of Indian ships in the carriage of India's overseas trade from about 40 per cent in the late 1980s to 7 per cent in 2015-16," the volume II of the Survey tabled in Parliament said.

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