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

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.

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.”