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    <author>ENA</author>
    <category>Sectors</category>
    <date>2025-08-19 15:13:28</date>
    <fulldesc>&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;&lt;strong&gt;New Delhi, Aug 19 (KNN)&lt;/strong&gt; Indias logistics sector is on track to reach a valuation of USD 800 billion by 2030, contributing nearly 11 per cent to the countrys GDP, according to a new report by India Narrative.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;The growth is expected to be fuelled by government reforms, technology adoption, infrastructure upgrades, and workforce expansion.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;The report highlighted that a 1 per cent reduction in logistics costs could save the Indian economy up to USD 15 billion annually.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Strategic investments, digital infrastructure, green policies, and skill development will continue to play a crucial role in sustaining this momentum.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;With modernised supply chains, the sector is also positioned to accelerate Indias journey toward a USD 5 trillion economy by 2027.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Government initiatives such as the National Logistics Policy (NLP) and PM GatiShakti are significantly shaping the sector.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;The NLP introduced digital solutions like the Unified Logistics Interface Platform (ULIP) and the Logistics Data Bank (LDB), enabling real-time tracking and greater efficiency.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Meanwhile, the PM GatiShakti Master Plan integrated 57 ministries and states/UTs through 1,700 data layers, improving infrastructure planning, multimodal transport connectivity, and faster project approvals.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Additional reforms include port modernisation under the Rs 25,000 crore Maritime Development Fund, and the launch of Bharat Trade Net (BTN), which centralises trade documentation, digital finance, and cross-border transactions.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;The introduction of GST has also reduced interstate delays by eliminating checkpoints, cutting average transit times by 33 per cent since 2017.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;The sector currently employs over 22 million people in transport, storage, cold chains, and last-mile delivery, with an additional 10 million jobs expected by 2027.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Logistics parks, multimodal corridors, and digital platforms are further enabling SMEs and large companies to expand globally.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;At present, logistics account for 13 14 per cent of Indias GDP, compared to the global average of 8 9 per cent, underscoring the scope for efficiency gains.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;em&gt;&lt;strong&gt;&lt;span style=&quot;font-size:14px&quot;&gt;(KNN Bureau)&lt;/span&gt;&lt;/strong&gt;&lt;/em&gt;&lt;/p&gt;&#13;
</fulldesc>
    <id>43201</id>
    <link>https://knnindia.co.in/news/newsdetails/sectors/indias-logistics-sector-set-to-touch-800-billion-by-2030</link>
    <pubDate>2025-08-19 15:13:28</pubDate>
    <source>knnindia.co.in</source>
    <title>India’s Logistics Sector Set to Touch $800 Billion by 2030</title>
</root>
