India has reached the 38th spot on World Bank’s Logistics Performance Index. In 2014, India was ranked 54th.
- Singapore secured the top rank in the index followed by Finland and Denmark.
Key points
- It climbed 16 places from 2014 to 2022.
- India’s rank improved owing to significant investments in both soft and hard infrastructure as well as technology, which has led to an improvement in the country’s port performance.
- The report highlighted that the Indian government has made investments in both soft and hard infrastructure related to trade, which has helped to connect port gateways on both coasts to the economic poles in the hinterland.
- In 2023, India’s ranking for international shipments improved significantly, moving up from 44 in 2018 to 22.
- India also climbed four places to rank 48 in logistics competence and equality.
- India saw a significant improvement in timelines, moving up 17 places in the rankings. Additionally, India improved three places in tracking and tracing, now ranking at 38.
