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India beats China in export growth of locally made retail, lifestyle products

MUMBAI: India is outpacing China in export growth of locally made retail and lifestyle products, according to Damco, the world’s seventhlargest freight forwarder.

An analysis of sourcing data by the transport and logistics arm of Danish shipping conglomerate AP Moller-Maersk Group shows that amid tepid global economic conditions, Indian exports of these products grew at a compound annual growth rate (CAGR) of 10% between 2013 and 2016, while China registered only 5%, though it had a much bigger base.

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