While India followed a protectionist regime to promote Indian shipping, the reality was that it had a counter-productive influence by making the Indian shipping industry secure in a protected market with no innovation and growth towards global competitiveness
from Moneycontrol Business News https://www.moneycontrol.com/news/business/revisit-maritime-policy-to-increase-indiaâs-shipping-revenues-exim-trade_16789991.html
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