India’s economy holds brighter growth prospects than any of the world’s seven largest contributors to global trade, according to the first Global Trade Barometer released by DHL.

The study used artificial intelligence, big data and predictive analytics to assess global trade developments, looking at the import and export data of China, Germany, India, Japan, South Korea, the United Kingdom and the United States. India was assigned the highest growth indices because of its strong and sustained rise in both air and ocean freight in and out of the country.

“More than any of the world’s largest economies, India’s major industries have displayed levels of resilience and growth that will buoy business confidence in the short to medium term,” said George Lawson, managing director of DHL Global Forwarding India. “India’s economy has built up terrific momentum in recent times: since 2008, its GDP has risen every single year to US$2.44 trillion last year, more than double the levels of a decade ago. As the country continues to invest heavily in infrastructure, we expect it to continue its upward trajectory for the foreseeable future.”

Ocean freight is expected to further improve due to demand for foreign commodities and industrial materials, while air freight is expected to be sustained by growth in machinery and technology imports. Every major sector made a positive contribution to India’s trade.

“We’re expecting strong performance in not just one or two sectors, but across the entire Indian economy,” Lawson said. “That implies two things: Indian enterprises of all stripes are not only growing fast, but becoming more and more globally connected in how they do business.”

The Global Trade Barometer provides a quarterly outlook on future trade and was jointly developed by DHL and Accenture. The seven large economies account for 75% of world trade, making their aggregated data an effective bellwether for near-term predictions on global trade, according to DHL.