India has the sixth-largest nominal GDP and the third-largest purchasing power parity economy in the world. The Indian economy’s long-term development prospects remain optimistic, thanks to its young population and low dependence ratio, high savings and investment rates, and rising globalization and integration into the global economy.
International expansion is essential for growing your eCommerce business. Orders from India can start to pour in when you start selling your products internationally. India’s economy is among the largest and fastest-growing in the world, making Indian consumers a valuable customer base in the market. With a population of over a billion, India is a fantastic nation to concentrate on.
Ocean freight to India would face a significant increase in demand in 2023. This occurs as a result of the ongoing expansion of international trade and the requirement for quicker shipping times. The economy of India is also expanding quickly, which implies that there is a rising need for imports. Ocean freight to India is therefore anticipated to increase dramatically during the next few years.