PMGS, NLP to catapult India’s LPI ranking by 2030

Continuous infrastructure development under the PM Gati Shakti and National Logistics Policy initiatives will help in pushing India among top 25 nations on the World Bank Logistics Performance Index by the year 2030, a Messe Stuttgart India and EAC International Consulting report stated. India currently is placed at number 38 in the World Bank Logistics Performance Index. The Indian logistics sector is projected to reach US$ 484.43 billion by 2029 at a compound annual growth rate of 8.8 per cent. This target can realistically be achieved with a strong support from PMGS and NLP as 434 projects worth Rs 11.17 lakh Cr. Have already been identified to enhance the growth of India’s logistics sector.