Overall Cargo volumes expected grow 9-11% to 3.7 MT in FY25: ICRA

The overall cargo volumes are expected to see a healthy year-on-year growth of 9-11 per cent to 3.6-3.7 million tonnes this fiscal year on the back of estimated higher domestic and international cargo volumes while the outlook on airport infrastructure is stable, Icra said on Monday.

Ratings agency Icra expects international cargo volumes to expand 11-13 per cent while the domestic cargo growth is estimated at 4-6 per cent.

The international cargo volumes saw a muted year-on-year rise of 1 per cent in the April-September period of FY24, owing to the slowdown in global economy and geo-political conflicts.

However, the international cargo volumes surged 18 per cent in the second half of the previous fiscal year, amid the Red Sea crisis, which started in October 2023, Icra said.

Consequently, the seaborne cargo traffic was impacted, which in turn benefitted international air cargo traffic, it stated.

The overall cargo volumes are expected to see a year-on-year growth of 9-11 per cent