Team Blitz India
NEW DELHI: India has improved in the logistics ranking of the World Bank by jumping 6 places to Rank 38 out of 139 countries in the Logistics Performance Index (LPI 2023). The LPI index is a perception-based survey conducted across select stakeholders dealing with respective countries.
The World Bank has acknowledged India’s efforts towards increasing logistics efficiency, an official release said on April 27.
It said India has been taking numerous initiatives since 2015 under the leadership of the Prime Minister Narendra Modi to improve its logistics efficiency.
On 4 out of 6 LPI indicators, India has seen remarkable improvement on the back of various initiatives being implemented over the past few years.
This is a strong indicator of India’s global positioning, with this development being powered by our Government’s laser focus on reforms for improving logistics infrastructure.
In October 2021, the Government of India launched the PM Gati Shakti National Master Plan (PMGS-NMP) towards a coordinated approach, leveraging technology, for infrastructure planning and development.
In September 2022, the Prime Minister launched the National Logistics Policy (NLP) which acts as a guiding document for States/UTs seeking to formulate logistics policy (19 States/UTs have notified their logistics policy).
The Government of India also invested in trade-related soft and hard infrastructure connecting port gateways on both coasts to the economic zones in hinterland. Also, the Logistics Data Bank project promotes healthy competition amongst the ports.
