
With massive logistics improvements, India has risen 6 places on the World Bank index to 38th out of 139 countries.
With massive logistics improvements, India has risen 6 places on the World Bank index to 38th out of 139 countries.
India’s ranking in the World Bank’s Logistic Performance Index 2023 has risen by six places, owing to significant investments in soft and hard infrastructure, as well as technology, which have resulted in improved port performance. The World Bank report ranks India 38th out of 139 countries, up from 44th in 2018.
According to the World Bank report, the Indian government has made trade-related investments in both soft and hard infrastructure, which has helped connect port gateways on both coasts to economic poles in the hinterland. According to the report, end-to-end supply chain digitalization is allowing countries, particularly emerging economies like India, to reduce port delays by up to 70% when compared to developed countries.
India’s ranking in terms of international shipments improved significantly, rising from 44 in 2018 to 22 in 2023. In logistics competence and equality, the country climbed four places to rank 48. India improved significantly in terms of timeliness, climbing 17 places in the rankings. In addition, India moved up three places in tracking and tracing, to number 38.
According to the report, the longest delays occur at seaports, airports, and multimodal facilities, despite the fact that shipping takes up the majority of the time. Policies aimed at these facilities, according to Christina Wiederer, senior economist at the World Bank group’s macroeconomics, trade, and investment global practise and co-author of the report, can help improve reliability.
Green logistics is also becoming more popular, with 75% of shippers looking for environmentally friendly options when exporting to high-income countries. This provides an opportunity for India to improve its logistics performance even further by investing in green logistics.
The rise in India’s ranking in the Logistics Performance Index 2023 is encouraging for the country’s logistics sector, which is critical to its economic growth. The government’s continued focus on improving the country’s logistics infrastructure and policies can boost India’s index performance and trade competitiveness.
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