Climbing six places upwards, India now ranks 38th in the 139-country Logistic Performance Index (LPI) 2023 as a result of the progress made in ensuring quick last-mile delivery, ending transport-related challenges and ensuring desired speed in the logistics sector.
The report said that 15 States in the country are among achievers in logistics performance index 2022. India’s performance has drastically improved from 2014, when it was ranked 54th on the LPI.
India’s rank moved up five places in infrastructure score from 52nd in 2018 to 47th in 2023. It climbed up to the 22nd spot for international shipments in 2023 from 44th in 2018 and moved four places up to 48th in logistics competence and equality.
Indian Government has taken various steps to improve logistics services like PM Gati Shakti initiative, a National Master Plan for multimodal connectivity, was launched in October 2021 to reduce logistics cost and boost the economy by 2024-25.
Last year, the Government also launched the National Logistics Policy (NLP) to ensure quick last-mile delivery, end transport-related challenges, save time and money of the manufacturing sector and ensure desired speed in the logistics sector.
According to the report, the average dwell time for containers between May and October 2022 was 3 days for India and Singapore, much better than in some of the industrialised countries. The dwell time for the US was 7 days and for Germany, it was 10 days.
