India Jumps 6 Spots to 38th in World Bank Logistics Performance Index

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India jumped six places in the World Bank’s Logistics Performance Index (LPI) 2023 to rank 38th out of 139 countries, the government said in a release.

India has seen notable improvements in four of six LPI indicators based on various initiatives implemented over the past few years.

“This is a strong indicator of India’s global positioning, and the development is fuelled by our government’s strong focus on reforms to improve logistics infrastructure,” the Ministry of Commerce and Industry said on April 27.

The Logistics Index is an interactive benchmarking tool developed by the World Bank Group. It helps countries identify the challenges and opportunities they face in trade logistics performance and what they can do to improve performance.

It measures the ease of establishing reliable supply chain connections and the structural factors that make it possible. The index considered six parameters to assess performance. It was reported by the World Bank every two years from 2010 to 2018, interrupted by the COVID-19 pandemic in 2020, and the index methodology was finally restructured in 2023.

The ministry also commended various initiatives introduced by the government over the past few years.

“In October 2021, the Government of India launched the PM GatiShakti National Master Plan (PMGS-NMP) to leverage technology in a coordinated manner for infrastructure planning and development,” the statement said. Emerging demands are changing the logistics landscape due to changing energy options, e-commerce, and the need to develop resilient supply chains.”

The National Logistics Policy (NLP) is the guiding document for developing logistics policy by the states and the union Territories. “The policy centres on the upgrading and digitisation of logistics infrastructure and services,” the ministry said.

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