India Can Save USD 50 Bn if Logistics Costs are Brought Down to 9 Pct of GDP: Study
India can save up to USD 50 billion if logistics costs are brought down from 14 percent to nine percent of country's gross domestic product (GDP) thereby making domestic goods more competitive in global markets, an ASSOCHAM-Resurgent India joint study said today.
"With expected inflow of new investments owing to government's thrust on promoting domestic manufacturing sector, India's cargo and logistics industry is likely to clock a compounded annual growth rate of about 16 percent during the course of next few years," noted the study on 'Cargo and logistics industry in India,' conducted by ASSOCHAM jointly with knowledge firm Resurgent India.
"The Make in India campaign will see investments connect India to global production networks that would generate new business for logistics in ...