INDIA'S LOGISTICS EXPENDITURE: 8-9% OF GDP

Overall logistics costs in India are in the range of 7.88.9 percent of the country’s total GDP, a report released by the economic policy research think tank National Council of Applied Economic Research (NCAER) stated on Thursday.

- 

The central government has been working to reduce the overall logistics costs and enhance the competitiveness of Indian industry.

The government has been aiming to trim India’s elevated logistics costs by as much as five percentage points by 2030, from the current 1314 percent of gross domestic product (GDP) to 8-9 percent of the GDP.

The National Logistics Policy (NLP) which was unveiled last year aims to achieve quick last-mile delivery, end transport-related challenges, save time and money for manufacturers, and prevent wastage of agroproducts.