Indian ports have been observing a substantial rise in cargo volumes year-over-year, driven by a burgeoning economy and escalating exports. According to Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, cargo throughput at major ports surged from 581.34 million tonnes in 2014-15 to an impressive 819.23 million tonnes in the financial year 2023-24, marking a compound annual growth rate of 3.5 percent. This growth rate is comparable to global standards, as stated in a written reply to the Rajya Sabha during the Budget session.
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