• India maintains the highest forecasted growthamongst all seven countries on DHL's Global Trade Barometer, even as its airand ocean trade volumes decline
• Personal Household Goods, Temperature or ClimateControlled Goods, and Land Vehicles & Parts expected to contribute most toIndia's modest growth

MUMBAI, INDIA - Media OutReach - 8 April 2019 - India'space of growth looks set to remain the highest of the world's largest economiesdespite a decrease in both air and ocean trade growth, according to data fromthe DHL Global Trade Barometer released by DHL, the world's leading logisticscompany.

The DHL Global Trade Barometer, an earlyindicator of global trade developments calculated using Artificial Intelligenceand Big Data, revealed that India's trade growth outlook -- coming in at 59points on the Index -- will be driven primarily by an uptake in both imports andexports of Personal Household Goods, Temperature or Climate Controlled Goodsand Land Vehicles & Parts, which increased in index points by 19, 16 and 2respectively. However, India's ocean trade dropped sharply by almost 20 pointsto 63, while air trade is also expected to stagnate in the coming quarter.

"India has not been immune to the current globaleconomic climate, but businesses operating in the country can afford to remainpositive: despite increasing headwinds, India has managed to maintain thehighest predicted trade growth of all the GTB countries," said Kevin Leung,CEO, Global Forwarding Asia Pacific. "With its annual GDP growth rate stillrunning at an impressive 7.5%, India remains somewhat insulated from globaltrade volatility thanks to high domestic private consumption, which accountsfor 60% of the country's GDP and is expected to generate up to $6 trillion inopportunities for growth.[1]It's no surprise that the Personal Household Goods sector is seeing a steadyincrease on the ocean import side, while a decrease in air exports of ConsumerFashion Goods appears to have been largely offset by high domestic consumption."

The Barometer's results also suggest that globaltrade growth looks set to slow down over the next three months, signaling onlya slight growth. However, the top three nations with the highest indexes are allin Asia, namely India, Japan, and China. Indices for all seven countries thatconstitute the Global Trade Barometer index -- including the US, UK and Germany-- are above 50 points except for South Korea. In the Global Trade Barometermethodology, an index value above 50 indicates positive growth, while valuesbelow 50 indicate contraction.

Launched in January 2018, the DHL Global TradeBarometer is an innovative and unique early indicator for the current state andfuture development of global trade. It is based on large amounts of logisticsdata that are evaluated with the help of artificial intelligence. In order tomake this valuable data accessible for academic research and to increase themacroeconomic significance of the indicator, DHL recently entered into researchcooperation with Eswar S. Prasad, Professor of Trade Policy and Economics atCornell University in Ithaca, NY, USA. The indicator is published four times ayear and the next release date is scheduled for June 2019.

You can find the press release for download aswell as further information on dpdhl.com/pressreleases

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