Sign In
Learn bits
Index & Reports
Mahesh

23/04/23 08:58 AM IST

World Bank’s Logistics Performance Index

In News
  • The Prime Minister, Shri Narendra Modi has expressed his happiness over over India’s spectacular climb of 16 places in World Bank’s Logistic Performance Index.
Major Highlights
  • India’s infrastructure moved five places to 47 in 2023 from 52 in 2018. India ranked 22nd for international shipments from 44 in 2018 and moved four places up to 48 in logistics competence and equality.
  • In timelines, India jumped 17 places in the rankings, while it moved three places up in tracking and tracing.
  • Two major factors for the country’s jump in the index could be modernisation and digitalisation, which the report quotes as a reason for emerging economies like India to leapfrog advanced countries.
  • The World Bank report has ranked India at 38, up from 44 in 2018, among 139 countries.
  • The demand for green logistics is also rising, with 75% of shippers looking for environmentally friendly options when exporting to high-income countries.
  • This presents an opportunity for India to further improve its logistics performance by investing in green logistics.
About LPI
  • The Logistics Performance Index (LPI) covers 139 countries.
  • It measures the ease of establishing reliable supply chain connections and structural factors that make it possible, such as the quality of logistics services, trade and transport-related infrastructure, as well as border controls.
Source- Time Now

More Related Current Affairs View All

05 Mar

First-ever comprehensive survey of India’s river dolphins

'Prime Minister Narendra Modi released the results of the first-ever comprehensive population estimation of riverine dolphins – Gangetic and Indus dolphins – done in In

Read More

05 Mar

Arresting women at night

'The Madurai Bench of the Madras High Court in Deepa versus S. Vijayalakshmi and Others ruled that the legal provision in the Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023, which

Read More

05 Mar

Digital Personal Data Protection Act, 2023

'The Ministry of Electronics and Information Technology (MeitY) looking to wrap up public consultations on the draft Rules for the Digital Personal Data Protection Act, 2023 by Mar

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps