Abstract
World Banks Logistics Performance Index (LPI) is a highly recognized global benchmarking instrument that determines the efficiency of trade logistics and supply chain of a country. As the role of logistics in determining the competitiveness of trade and economic growth cannot be overstated, the research on the Indias LPI performance can be a perfect source of information regarding the efforts of the country that aim at improving its logistics industry.
This paper conducts a trend analysis of the performance of Indias LPI by analyzing secondary data available on World Bank publications on Indias LPI (2007-23). The analysis is based on descriptive and analytical approach to assess the variation in the Indias position and general scores across various years of the survey. The findings of the research show the fluctuating status of India in the global ranking, when it dropped significantly and when it significantly improved following the changes in the policies and the investments the country made in infrastructures. The advance in infrastructure, digitization of customs, and the timeliness of shipments have been the key advancements that have particularly been notable in the past few years.
The results are oriented at the contribution of governmental tools such as National Logistics Policy (2022), PM Gati Shakti National Master Plan, introduction of Goods and Services Tax (GST) and massive infrastructure projects into the context of increasing the efficiency and competitiveness of the logistics industry
Keywords: Logistics Performance Index (LPI), Logistics Efficiency, Supply Chain and GST.
References
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