A Review of the Indian Logistics Industry and Policy

Abstract

It is now experienced by many countries that lack of logistics slows down their development process. Every country is now trying hard to develop their logistics infrastructure otherwise its inadequacy may create bottlenecks in their economic growth. Lately, the logistics industry in India too has received lot of attention from both industry and government. Logistics cost in India is higher than that in developed nations. So, the country is trying to bring down its logistics cost from the present 14 percent to 9 percent of the GDP. In the light of the above facts, Indian logistics industry is assessed in this article. Government logistics policies and their lacunae are discussed in the concluding sections.

Keywords: Logistics infrastructure, logistics cost, tariff, FDI, policy, trade

JEL Classification: L90