India jumps 6 places in World Bank’s Logistics Performance Index, rank 38 in LPI 2023
India has shown improvement in the logistics ranking of the World Bank by jumping 6 places to rank 38 out of 139 countries in the 7th edition of Logistics Performance Index (LPI 2023).
India has been taking numerous initiatives since 2015 under the visionary leadership of Prime Minister Narendra Modi to improve its logistics efficiency. Ministry of Commerce and Industry in a statement said that the World Bank has acknowledged India’s efforts towards increasing logistics efficiency.
It said, on four out of 6 LPI indicators, the country has seen remarkable improvement on the back of various initiatives being implemented over the past few years. The Ministry said that this is a strong indicator of India’s global positioning with this development being powered by Government’s focus on reforms for improving logistics infrastructure.
In September last year, the Prime Minister launched the National Logistics Policy (NLP) which acts as a guiding document for States and UTs seeking to formulate logistics policy. So far 19 States and UTs have notified their logistics policy. The policy is centered around upgradation and digitization of logistics infrastructure and services.