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India's logistics industry to be worth $215 bn by 2020-21: CARE Ratings

It is estimated that slashing logistics costs by 10 per cent could widen exports by five to eight per cent

Topics
Logistics Industry  |  Logistics  |  Freight Corridor

Jayajit Dash  |  Bhubaneswar 

The country's logistics industry is projected to be worth $215 billion by 2020-21, recording a 10 per cent compounded annual growth rate (CAGR) over its approximate size of $160 billion in 2016-17. The industry's growth will be fuelled by the strides in manufacturing, retail, fast-moving consumer goods and e-commerce sectors.

Development of logistics related infrastructure, like dedicated freight corridors, logistics parks, free trade warehousing zones and container freight stations, are expected to improve efficiency, a report by CARE Ratings observed. At present, the ...

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First Published: Wed, October 17 2018. 18:35 IST
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