India’s infrastructure deficit is often regarded as one of the biggest constraints in rapid economic growth. The lack of proper infrastructure adds to the overall cost of production and affects the competitiveness of Indian businesses. The government has been working in this area and invested a significant amount of resources in recent years. However, along with improvement in infrastructure, its efficient use is important to contain costs. The National Logistics Policy, launched by Prime Minister Narendra Modi last week, should help Indian businesses improve efficiency over time. Logistics costs in India are estimated to be 13-14 per cent of gross domestic product, and the policy seeks to bring them below 10 per cent as quickly as possible. The logistics policy will build on the PM Gatishakti plan, which is expected to provide multimodal connectivity in various economic zones.
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First Published: Sun, September 18 2022. 21:30 IST
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