The country’s logistics cost is estimated at 7.97 per cent of India’s gross domestic product (GDP) in 2023-24, according to a Department for Promotion of Industry and Internal Trade (DPIIT) report.
It was prepared by NCAER (National Council of Applied Economic Research) for the department.
The report said estimates derived for the previous five years show that the pace of growth in the logistics cost is gradually slowing down.
This may be attributed to several initiatives such as PM Gati Shakti National Master Plan; dedicated freight corridors; Sagarmala project; integrated check posts; and development of the unified logistics interface platform, it said.
“As per the current assessment prepared by NCAER for DPIIT, logistics costs in India are estimated at about 7.97 per cent of total GDP,” the report added.
A report on Assessment of Logistics Cost in India was launched last week by Commerce and Industry Minister Piyush Goyal.
With this, the country has now a comprehensive and …
The country’s logistics cost is estimated at 7.97 per cent of India’s gross domestic product (GDP) in 2023-24, according to a Department for Promotion of Industry and Internal Trade (DPIIT) report.
It was prepared by NCAER (National Council of Applied Economic Research) for the department.
The report said estimates derived for the previous five years show that the pace of growth in the logistics cost is gradually slowing down.
This may be attributed to several initiatives such as PM Gati Shakti National Master Plan; dedicated freight corridors; Sagarmala project; integrated check posts; and development of the unified logistics interface platform, it said.
“As per the current assessment prepared by NCAER for DPIIT, logistics costs in India are estimated at about 7.97 per cent of total GDP,” the report added.
A report on Assessment of Logistics Cost in India was launched last week by Commerce and Industry Minister Piyush Goyal.
With this, the country has now a comprehensive and … by Soban News (international And National News)