future of logistics sector in India to grow in good speed
What is the future of logistics in India? Indian logistics market logistics in India is expected to reach about USD 255 billion in 2022, growing at a CAGR of 10.5 per cent LOGISTICS INDUSTRY IN INDIA The logistics industry in India is highly fragmented, with numerous unorganized players. While there is a need for the highly fragmented Indian logistics market to get more organized, there is also a need to reduce logistics cost to 10 per cent by 2022 from about 14 per cent now. Only 10-15 per cent of the $215-billion Indian logistics market is owned by organized player’s. Many More players are there listed on N S E / B S E The Indian logistics industry has been gaining traction in the last few years and plays a very important role in facilitating trade and thereby propelling the growth of the Indian economy. Several factors such as – improving infrastructure nationwide, opportunities in emerging markets and channel alliances, urbanization, faster adoption of newer technologies