Logistics Performance Index (LPI), 2023 India jumps 6 places | UPSC PIB NEWS
Logistics Performance Index (LPI), 2023
India jumps 6 places to rank 38 in World Bank’s LPI, 2023.
Details :
The LPI is an interactive benchmarking tool developed by the World Bank Group.
India has improved its ranking on the World Bank’s Logistic Performance Index (LPI) 2023 by jumping to 38th position from 44th place among 139 countries in terms of investment in technology and logistic infrastructure.
This ranking has improved after significant investments were made in both soft and hard infrastructure as well as technology across the country.
On 4 out of 6 LPI indicators (Customs Score, Infrastructure Score, International shipment Score, Logistics Competence Score, Tracking and Tracing Score & Timeliness Score), India has seen remarkable improvement.
The GoI has taken several measures to improve the logistics infrastructure in the country :
PM Gati Shakti National Master Plan (PM Gati Shakti Scheme)
National Logistics Policy (September 2022)
NICDC’s (National Industrial Corridor Development Corporation) Logistics
Data Bank project applies radio frequency identification (RFID) tags to containers and offers consignees end-to-end tracking of their supply chain.
Its implementation started in 2016 in the Western part of India and was scaled up to the Pan India level in 2020.
With such initiatives of transparency, visibility, and ease of doing business, there has been significant improvement in cross-border trade facilitation.
Since 2018, DPIIT (Department for Promotion of Industry and Internal Trade) has been conducting LEADS (Logistic Ease Across Different States) to help identify and resolve logistic inefficiencies and improve trade facilitation across supply chains.
Other initiatives like Sagarmala and Bharatmala have played an important role in improving logistic efficiency of the country.
Tag: #GS3 #infra #Index #Logistics #Pre
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