India's logistics market expected to grow to Rs 13.4 trillion by FY28, driven by structural changes, tech advancements, and govt initiatives.

India's logistics market, currently valued at Rs 9 trillion, is expected to grow to Rs 13.4 trillion by FY28, achieving an 8-9% CAGR. This growth is propelled by structural changes, technological advancements, and government initiatives, including the National Logistics Policy aimed at enhancing rail freight and improving infrastructure. The logistics cost as a percentage of GDP is currently 14%, with efforts to align it closer to the global average of 8-9%. The domestic express logistics sector is projected to grow at 14% CAGR, driven by e-commerce.

October 03, 2024
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