Logistics industry to grow at 9-10% on back of economic recovery, says ICRA

Railways' competitive position is expected to improve on the back of the commercialisation of DFCs

The domestic logistics industry is likely to grow at nine to 10 per cent over the medium-term on the back of higher demand due to economic recovery.

The trend towards outsourcing of non-core activities like logistics, warehousing, and associated activities to integrated players is likely to drive the share of the organised segment.

Ratings agency ICRA, in its note on Monday, said that the implementation of the Goods and Services Tax (GST) will also support organised players as it would lead to the consolidation of the warehousing network, higher degree of tax compliance, and the creation of a level playing field between