Why improvising logistics in India is the key to growth!

Logistics contributes extensively to the economic growth of a country. It deals with the process of controlling how resources are obtained, housed and delivered across various locations. The logistics industry in India is witnessing rapid growth owing to infrastructure, technology and the emergence of new types of service providers that are reshaping the sector by reducing logistics costs and providing effective services. Moreover, government policies on taxation and regulation play a huge role in the improvisation of the sector.

The National Logistics Policy was launched in 2022 with a vision to develop a technologically enabled, cost-efficient, sustainable and trusted logistics ecosystem in the country for inclusive growth and development. The policy has the potential to merge modes of transportation and deal with issues that are plaguing the sector. It is expected to accelerate the growth of the Indian logistics market from $250 billion in 2021 to $380 billion by 2025.


 

Read the full article here https://timesofindia.indiatimes.com/blogs/voices/why-improvising-logistics-in-india-is-the-key-to-growth/

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