'Logistics cost to 9% of GDP'
The Business Guardian|May 25, 2023
The government is working to bring down logistics cost to 9 per cent of GDP in the next three years from the current 14-16 per cent, Union Minister Nitin Gadkari said on Wednesday.
'Logistics cost to 9% of GDP'

Speaking at an event organised by industry chamber CII, the Road, Transport and Highways Minister further said India’s exports will increase when its logistics cost will come down to single digit. The government is going by certain estimates which suggest that logistics cost in India is in double digits. The government has rolled out a national logistics policy and PM Gati Shakti initiative to boost competitiveness of industry and cut logistics costs.

Earlier this year, the commerce and industry ministry had said that a task force will be set up for formulating a framework to determine logistics costs in the country.

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