India jumps six places in World Bank’s Logistics Performance Index 2023

New Delhi, Apr 27 (KNN) In the 7th edition of World Bank’s Logistics Performance Index, India has jumped 6 places to rank 38 out of 139 countries in 2023, according to an official statement from Ministry of Commerce & Industry.

India has seen remarkable improvement on 4 out of 6 LPI indicators, added the ministry. 

“This is a strong indicator of India’s global positioning, with this development being powered by our Government’s laser focus on reforms for improving logistics infrastructure," the government said in an official statement. 

The Indian government latest reforms for improving logistics infrastructure such as the launch of PM GatiShakti National Master Plan (PMGS-NMP) in 2021 have played a significant role in improving it’s ranking.

PM GatiShakti addresses the emerging needs of transforming the logistics landscape due to factors like rapid urbanization, changing energy choices, e-commerce, need to develop resilient supply chains etc.

The Ministry also said that the National Logistics Policy (NLP) which acts as a guiding document for States or UTs seeking to formulate logistics policy helped improve India's ranking.

The NLP lays emphasis on the shift towards more energy-efficient modes of transportation and greener fuels to reduce the carbon footprint.

The Commerce Ministry even noted that initiatives like Sagarmala and Bharatmala have played a pivotal role in improving India’s logistics efficiency.  (KNN Bureau)