DPIIT ropes in NCAER to prepare framework for assessing logistics costs
8 months, 3 weeks ago

DPIIT ropes in NCAER to prepare framework for assessing logistics costs

Live Mint  

The Department for Promotion of Industry and Internal Trade has turned to the National Council of Applied Economic Research, a think tank, to help assess logistics costs for 2023-24. The Centre aim to cut logistics costs that ranged from 7.8%-8.9% of gross domestic product in 2021-22, as per an official statement released by commerce ministry on Friday. In the statement, the ministry of commerce and industry also said that the think tank would do an assessment of differentials in logistics costs across routes, modes, products, types of cargo, and service operations, besides identifying major determinants along with influence on the logistics in different sectors. Read | Centre plans campaigns to spread awareness on direct-selling malpractices The assessment of logistics costs involves using data on trade flows, product types, industry trends and origin data pairs. According to a CII-Arthur D Little report on India’s supply chain, logistics costs in the Indian supply chain amount to almost $400 billion, or 14% of GDP.

India Costs Logistics Cost Gdp Dpiit Ncaer Logistics Costs  costs  logistics  framework  prepare  dpiit  assessing  industry  india  gdp  cost  ncaer  report  ropes  assessment  data

History of this topic

Reduced logistics costs to aid trade
Trending News
3 months, 1 week ago

Reduced logistics costs to aid trade

China Daily  

SHI YU/CHINA DAILY China has unveiled a clear roadmap to drive down logistics costs, a strategic move that officials and analysts said is crucial for enhancing the competitiveness of the manufacturing industry, and strengthening the foundation of the country's real economy as a whole. China's total logistics costs accounted for 14.4 percent of its GDP last year, while the ratio …

Reduced logistics costs to aid trade
Trending News
3 months, 1 week ago

Reduced logistics costs to aid trade

China Daily  

By Wang Keju | China Daily | Updated: 2024-12-19 08:49 SHI YU/CHINA DAILY China has unveiled a clear roadmap to drive down logistics costs, a strategic move that officials and analysts said is crucial for enhancing the competitiveness of the manufacturing industry, and strengthening the foundation of the country's real economy as a whole. China's total logistics costs accounted for …

Reduced logistics costs to aid trade
Top News
3 months, 1 week ago

Reduced logistics costs to aid trade

China Daily  

By Wang Keju | China Daily | Updated: 2024-12-19 08:49 SHI YU/CHINA DAILY China has unveiled a clear roadmap to drive down logistics costs, a strategic move that officials and analysts said is crucial for enhancing the competitiveness of the manufacturing industry, and strengthening the foundation of the country's real economy as a whole. China's total logistics costs accounted for …

Reduced logistics costs to aid trade
3 months, 1 week ago

Reduced logistics costs to aid trade

China Daily  

SHI YU/CHINA DAILY China has unveiled a clear roadmap to drive down logistics costs, a strategic move that officials and analysts said is crucial for enhancing the competitiveness of the manufacturing industry, and strengthening the foundation of the country's real economy as a whole. China's total logistics costs accounted for 14.4 percent of its GDP last year, while the ratio …

Restructuring and tech key to lowering logistics costs
4 months, 2 weeks ago

Restructuring and tech key to lowering logistics costs

China Daily  

China Daily | Updated: 2024-11-15 07:47 Staff members at the joint distribution center in Yucheng handle parcels with the help of a sorting machine. The ratio of total social logistics costs in China's GDP will be reduced to around 13.5 percent by 2027, said an action plan recently released by relevant central departments for reducing logistics costs. In 2023, the …

Budget 2023 Expectations: Focus On Air Cargo, Adequate Funding Under National Logistics Policy
2 years, 2 months ago

Budget 2023 Expectations: Focus On Air Cargo, Adequate Funding Under National Logistics Policy

News 18  

Union Budget 2023: Prime Minister Narendra Modi launched the National Logistics Policy last year in order to ensure quick last mile delivery, end transport-related challenges, save time and money of the manufacturers, and prevent wastage of the agro-products. Kami Viswanathan, senior vice president, FedEx Express, Middle East Indian Subcontinent and Africa Operations, shared that while the NLP will be pivotal …

National Logistics Policy: Decoding PM Modi’s Return Gift to India on 72nd B’day That Will Aid 22 Million People
2 years, 6 months ago

National Logistics Policy: Decoding PM Modi’s Return Gift to India on 72nd B’day That Will Aid 22 Million People

News 18  

Prime Minister Narendra Modi, on the occasion of his 72nd birthday, gifted to the country the National Logistics Policy, which is aimed at promoting seamless movement of goods and enhancing the competitiveness of the industry. “The need for a national logistics policy was felt since the logistics cost in India is high as compared to other developed economies. On September …

PM Modi unveils National Logistics Policy, aims to cut transport cost
2 years, 6 months ago

PM Modi unveils National Logistics Policy, aims to cut transport cost

India TV News  

Highlights PM Narendra Modi will launch NLP today at the Vigyan Bhawan in New Delhi Need for policy was felt since logistics cost in India is high compared to other nations: PMO National Logistics Policy aims to pave the way for exponential growth during Amrit Kaal National Logistics Policy 2022: Prime Minister Narendra Modi launches the National Logistics Policy on …

Budget 2022: Implement National Logistics Policy to ease supply chain bottlenecks
3 years, 2 months ago

Budget 2022: Implement National Logistics Policy to ease supply chain bottlenecks

Firstpost  

Union Budget 2022-23: With India aiming to be a $5 trillion economy, the logistics sector will be a crucial enabler in achieving this The buzz around the Union Budget 2022–2023 is getting strong now that the government is expected to sustain India’s economic growth amidst the prevailing third wave of the COVID-19 pandemic. India’s logistics sector faces a yawning competitiveness …

Lower logistics cost to help boost exports by 5-8%; govt plans national policy to promote free movement of goods: FIEO
6 years, 1 month ago

Lower logistics cost to help boost exports by 5-8%; govt plans national policy to promote free movement of goods: FIEO

Firstpost  

The cost of logistics for India is about 14 percent of its GDP and it is far high as compared to other countries. New Delhi: Reduction of logistics cost by 10 percent will help boost the country’s exports by about 5-8 percent, exporters body FIEO said on Thursday. Federation of Indian Export Organisations president Ganesh Kumar Gupta said that implementation …

Discover Related