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Exports of engineering goods, which constitute a large chunk of India's total shipments, are growing impressively, he said.
WSJ: India's Trade Deficit Narrows
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Electronic items, apparel, luxury goods and other items from large Internet retailers constitute a significant portion of total holiday shipping volumes.
FORBES: Holiday Shipping Should Cheer Fedex's Stock To $98
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The press release accompanying the report suggested that the continued tensions over sovereign debt "constitute a key risk to the outlook, with possible large regional and global implications, " and that "market participants remain unconvinced that a sustainable solution is at hand".
BBC: A fork in the road for the euro?