India reduces logistics costs to 9% of GDP
pre-market1 source ↓written by the desknot a recommendation
- 16%
- in costs according
- 6% decrease
India has successfully lowered logistics costs to 9% of GDP, down from 16%, as confirmed by Union Transport Minister Nitin Gadkari. This reduction is attributed to improved road infrastructure, which has led to a 6% decrease in costs according to a report from IIM Bangalore and IITs. This shift enhances India's competitive edge in logistics compared to China's 8% and Europe's 12%.
The implications for traders may include increased efficiency in supply chains and potential growth in sectors focused on infrastructure and alternative fuels. 🚚
Not investment advice. For informational purposes only.