Economic Survey 2018: India’s logistics sector to reach $215 billion by 2020
Economic Survey 2018: The countrys logistics industry which is worth around USD 160 billion is likely to touch USD 215 billion in the next two years with the implementation of GST, Economic Survey today said. The Global Ranking of the World Banks 2016 Logistics Performance Index shows that India jumped to 35th rank in 2016 from 54th rank in 2014 in terms of overall logistics performance.
Economic Survey 2018: The country’s logistics industry which is worth around USD 160 billion is likely to touch USD 215 billion in the next two years with the implementation of GST, Economic Survey today said. “With the implementation of GST, the Indian logistics market is expected to reach about USD 215 billion in 2020, growing at a CAGR of 10.5 percent,” Economic Survey 2017-18 tabled in Parliament said. The Indian logistics industry which employs more than 22 million people has grown at a compound annual growth rate (CAGR) of 7.8 percent during the last five years, it said. The Global Ranking of the World Bank’s 2016 Logistics Performance Index shows that India jumped to 35th rank in 2016 from 54th rank in 2014 in terms of overall logistics performance.