India’s logistics costs have been estimated at 7.97% of the economic output by the Department for Promotion of Industry and Internal Trade ( DPIIT ), which compares favourably to the more advanced economies like US, Japan, Korea and Europe.

The 7.97% logistics costs for 2023-24 is the first official estimate based on an extensive study that involved collection of data from varied sources and interviews of the companies involved in the business – both users and service providers.

While plotting the costs, the exercise showed that the logistics costs have been coming down gradually in the last five years. It stood at 8.84% of Gross Domestic Product (GDP) in 2022-23 and 8.79% in 2021-22.

The latest report ends confusion over logistics cost

The latest study puts to rest the earlier com

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