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Logistics Performance Index (LPI) 2023

Logistics Performance Index (LPI) 2023:


India’s rank in the recently released World Bank’s Logistics Performance Index 2023 has improved by six places.

  • Logistics Performance Index (LPI) is released by World Bank.
  • It is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance.
  • It measures the ease of establishing reliable supply chain connections and structural factors that make it possible, such as the quality of logistics services, trade and transport-related infrastructure, as well as border controls.

Highlights of LPI 2023:

  • The LPI 2023 allows for comparisons across 139 countries.
  • The LPI 2023, for the first time, measures the speed of trade with indicators derived from big datasets tracking shipments.
  • Singapore and Finland are the most efficient and highest-ranked LPI countries as per the 2023 LPI.
  • India is ranked 38 out of 139 countries, climbing six places from the previous index.
  • Two major factors for India’s jump in the index could be modernisation and digitalisation, which the report quotes as a reason for emerging economies like India to leapfrog advanced countries