Logistics costs should fall to 10% of GDP8 min read 05 Aug 2022, 12:05 AM IST
Petrol use will fall as the use of electric vehicles improves, and this will also reduce cost. Expectation is that in five years, logistics costs that stand at 16-18% of GDP in the country will come down to around 10%
NEW DELHI : India’s logistics costs as a percentage of the gross domestic product (GDP) are set to reach the levels of advanced economies such as the US, the European Union and China in about five years, offering massive efficiency gains to the economy. One driving force behind this change is the fast-paced growth of a world-class road network in the country.
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