A tech-based financial compliance model for India’s logistics sector
The latest episode of Mint Navigating Compliance with Technology series, powered by Clear, shifts the spotlight to the logistics sector and the importance of a tech-led system of financial compliance to power future growth.
The Logistics sector is the backbone of manufacturing and trading activities and has a pivotal role to play in developing economies like India. The government has often stressed on the importance of robust physical connectivity to meet the growing levels of consumption and demand and in achieving the government’s vision of a $5 trillion economy. In fact, the logistics industry in India is projected to grow at a CAGR of 10.7 per cent between 2020 and 2024.