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Lessons for the Languishing Indian Logistics Industry

For a nation of the size in terms of landscape and economy of India, logistics plays a very crucial role in its economic development. India ranked 44 in the World bank’s Logistics Performance Indicator (LPI), 9 places lower from its 2016 rank of 35.  Albeit a critical cost driver for all product sectors, there is only sluggish growth in the sector. The logistics cost in India is estimated to be 13%-14% of the GDP compared to USA, Europe, Japan where it is 9%,10%,11% respectively. ..

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