In the survey which was a part of the 10th annual Agility Emerging Markets Logistics Index, India, China, Vietnam, Brazil and Indonesia are the countries seen as having greatest potential. India is the emerging market with the greatest potential, ahead of a slowing China, according to an annual survey of global logistics industry executives. In the Index itself, China remains atop the annual 50-country rankings and India is in second position, followed by United Arab Emirates, Indonesia, Malaysia, Saudi Arabia, Mexico, Qatar, Turkey and Vietnam.
China, India and Indonesia rank highest for domestic logistics; China, India and Mexico are top for international logistics; and UAE, Malaysia and Qatar have the best business fundamentals. Andy Vargoczky, SVP Sales & Marketing Asia-Pacific, Agility Global Integrated Logistics, says, “The logistics industry’s optimism is based on what India has accomplished – the Goods and Services Tax and other reforms – and on what can still be done to create economic growth and prosperity.”