Abstract:
The study explores the significance of the logistics industry in the Indian economy and
examines its sector-wise impact on economic well-being. It emphasizes how the presence
or absence of transport infrastructure significantly influences economic growth and global
competitiveness. With globalization expanding its scope, the study addresses the
challenges of global logistics, such as trade laws, cultural differences, and the necessity
for efficient cross-border transportation networks. Moreover, the research delves into
factors driving the growth of the Indian logistics industry. Innovations and developments
are seen as pivotal to economic progress, with intelligent logistics and smart
transportation playing crucial roles. The Logistics Performance Index (LPI), a
benchmarking tool by the World Bank, ranks countries based on logistics performance. In
the 2023 report, India achieved an LPI rating of 3.4, securing the 38th position among 139
countries. The study substantiates the factors fueling the logistics industry with statistical
evidence, highlighting technological advancements and the integration of IoT-enabled
facilities as key drivers. Furthermore, the study discusses strategic initiatives aimed at
enhancing India's logistics infrastructure. The PM Gati Shakti initiative seeks to
streamline infrastructure development by promoting integrated planning and coordinated
implementation across government departments. Concurrently, the National Logistics
Policy (NLP) provides a comprehensive framework for the industry's development.
Additionally, the Unified Logistics Interface Platform (ULIP) facilitates real-time
information exchange among stakeholders, thereby simplifying logistics planning.
