India Logistics Movement:
India’s logistics sector is transforming with initiatives like the National Logistics Policy and PM Gati Shakti to cut costs, boost efficiency, and enhance connectivity. Contributing 14% to GDP, it is pivotal to the $5 trillion economy goal.
Logistics Movement Data in India:
- Logistics Cost Reduction: Declined by 0.8-0.9 percentage points of GDP between FY14-FY22.
- Sector Contribution: Logistics contributes 14% to India’s GDP and is valued at $250 billion.
- Transportation Efficiency: Average truck travel distance increased from 225 km to 300-325 km due to GST implementation.
- Bilateral Trade Facilitation: Unified Logistics Interface Platform (ULIP) has processed 382 use cases for automation and trade facilitation.
- Rail vs. Road Share: Road accounts for 66% of freight, rail 31%, waterways 3%, and air 1%.
