India climbs of 16 places in World Bank’s Logistic Performance Index
New Delhi: India improved it's rank in the World Bank's Logistic Performance Index 2023 by climbing of 16 places. It is noted that the investments like soft & hard infrastructure and technology helps to climb this ladder.
The World Bank report has ranked India at 38 among 139 countries, it is also said that end-to-end supply chain digitalisation is allowing countries, particularly emerging economies like India, to shorten port delays by up to 70% compared to those in developed countries
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The Prime Minister, Shri Narendra Modi has expressed his happiness over over India’s spectacular climb of 16 places in World Bank’s Logistic Performance Index.
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On that he said:
“An encouraging trend, powered by our reforms and focus on improving logistics infrastructure. These gains will reduce costs and make our businesses more competitive.”
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