New Delhi, July 22 -- India's port sector is expected to grow faster than major global economies, driven by strong domestic demand, rising trade, and significant government investment, according to a recent report by PL Capital.

Despite ongoing global geopolitical tensions and disruptions, the Indian ports industry is showing resilience and long-term potential.

From FY2002 to FY2025, cargo traffic at Indian ports recorded a compound annual growth rate (CAGR) of 6.2%. Within this, non-major ports-those managed by state governments-grew at a faster pace of 9.1%, while the 12 major central government-controlled ports saw a 4.7% growth.

This indicates a shift in cargo movement preference toward non-major ports, which are becoming increasin...