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India’s ability to compete globally has a $180 billion hole

April 08 , 2021

Source: Economictimes:

A robust logistics network remains at the heart of any economy, and India’s growing economy is no exception. For a country as big as India, the utility of having an efficient logistics system cannot be stressed enough. Being home to over 1.3 people spread across its vast turf means it needs an efficient supply chain for ensuring goods are transported efficiently from manufacturing units to consumers. This also holds true for exports.

While it’s impossible to achieve robust economic growth without a vibrant and competitive logistics sector, India is consistently losing ground. The nation’s ‘lifeline’ sector worth $215 billion has lately been growing at a CAGR of 10.5%. But, is this growth meaningful?

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