Effective Logistics Services - Shaping India's Economy to New Heights
India’s logistic industries have shown progress in the World Bank’s Logistics Performance Index (LPI). This achievement is attributed to advancements in technology, data-oriented decision-making, and the implementation of enhanced policies. India's logistic industries can help the country achieve a US$ 26 trillion economic status. This goal also shows growth in Gross Domestic Product (GDP) over the coming years. After achieving these goals, India will solidify its position as a major economic powerhouse and create numerous opportunities for businesses. With this, logistics companies play a vital role in shaping economic prosperity. The government also raised the capital investment allocation in the union budget by 33%, i.e. INR 10 trillion, for 2023-24. The logistics Industry welcomed this development by saying that it will bolster India’s position in the global supply chain with focused infrastructure development. These types of development attract foreign investments by creating