Budget Expectations: Amid challenges, logistics industry pins hope on the Union Budget 2023
Logistics sector is indisputably the backbone of the Indian economy, accounting for nearly 14.4 per cent of the GDP. India, which has aims to become a USD 5 trillion economy by 2025, intends to raise its ranking in the Logistics Performance Index to 25 while reducing the logistics cost from 14 per cent to 8 per cent of the GDP within the next five years, mainly with an intent to become globally competitive…
