India ranks 38 out of 139 countries on World Bank’s Logistics Performance Index
According to the World Bank’s ‘Logistics Performance Index Report (2023): Connecting to Compete 2023’, India ranks 38 out of 139 countries. India’s rank has improved by six places from 44 in 2018 and sixteen places from 54 in 2014.
An Inter-Ministerial dedicated team comprising of Stakeholder Ministries/Departments has been formed. These stakeholder Ministries/Departments focus on targeted action plans with interventions needed to improve logistics performance across all six LPI parameters i.e. Customs, Infrastructure, Ease of arranging shipments, Quality of logistics services, Tracking and Tracing, and Timeliness. In addition, National Committee for Trade Facilitation (NCTF) has a three-tiered structure, constituting of a National Committee on Trade Facilitation, a Steering Committee, and Focused Working Groups (Outreach, Legislative Issues, Time Release Study, Infrastructure Up-gradation, PGA regulation and procedure). Concerning NTFAP 2020-23, 27 action points have been identified under the working group on infrastructure up gradation.
The Hon’ble Prime Minister launched the PM GatiShakti National Master Plan for multimodal connectivity on 13 October 2021 and National Logistics Policy on 17th Sept. 2022, for improving logistics efficiency and reducing logistics costs. Digital reforms such as Unified Logistics Interface Platform (ULIP) for ease of doing business and Logistics Data Bank which has digitized track and trace of 100% containerized EXIM cargo, are presently operational.