Logistics Reckoner - July 2016

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A lot to look forward to!

June has been a very successful month for Logistics with India moving up to 35th place on World Bank's Logistics Performance Index. Numerous giants have also reported expansions, and surge in sales and profit. We can expect a healthy logistics business with opportunities in the coming months. India has jumped 19 places in the World Banks Logistics performance Index, from 54th place to 35th. This was announced by the World Bank Group in the recent launch of its report. With a huge jump of 19 places, India has crossed many countries like New Zealand, Thailand, Saudi Arabia, Iceland, Latvia and Indonesia who were ahead of it in the index.Among the six sub-indices of the Logistics Performance Index, India improved the most on "the efficiency of customs and border management clearance", jumping from 65 in 2014 to 38 in 2016.Apart from this, we can see a healthy monsoon across India. This will lead to better agricultural growth in rural areas and raise the demand of Logistics in rural areas. This can be an area to look for all the companies looking for expansion. In the monsoon session of Parliament, the Goods and Services Tax (GST) is likely to see the light of the day. That would be one of the most significant competition reforms India would adopt in recent times to create an internal market.