Logistics spend in India is 13% one of the highest in the world. Logistics in India is set for rapid growth. In the last Five years its growth has been estimated to be at a healthy rate of 15%. However, growth in sub-sectors varies, with the lowest being in basic trucking operations and highest in supply chain and e-tailing logistics. Comparing with other countries there is lot of in efficiency in logistic sector in India. Going forward Indian logistic service providers will be seeing major growth.
The Indian logistics industry grows at 1.5-2 times the GDP growth according to some empirical research proofs. Government of India has noticed the importance of logistics sector now-a-days and has taken initiatives for the betterment of transport infrastructure in India. With eCommerce evolving at a rapid speed in India logistics is becoming a key support factor. The GST implementation, GDP revival, eCommerce boom and other initiatives of Government like “Make in India ” campaign, has led to accelerate growth of Indian Logistic Service Providers.
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