M. Edwin Gnanadhas

Performance of Ports M. Edwin Gnanadhas

Liberalisation of India Economy, Introduction of new economic policy and globalisation of the economy has opened tremendous opportunities for development of exports. Hitherto commodities labeled for domestic consumption have found out widespread world market. The role of world trade as a key accelerator of economic growth had now been well acknowledged by most countries in the world. The WTO agreement and progressive elimination of tariff and nontariff barriers that trend towards long term expansion of world trade, this optimism has driven the development of shipping in India. Higher growth rate of external trade relative to the growth rate of National Industrial production and Gross National Product . Ports play a vital role in bringing up the economy of a country. The volume of trade and traffic is index of a port performance and development. The facilities at the port is one of the important reasons for its better performance.