Indian logistics market to expand to Rs 13.4 trillion by FY28: Report
New Delhi: The Indian logistics market, valued at ₹9 trillion in FY23, is expected to experience substantial growth, reaching ₹13.4 trillion by FY28. This growth represents a compounded annual growth rate (CAGR) of 8-9%, as reported by Motilal Oswal.
This growth is being fuelled by structural shifts, technological advancements, and government initiatives aimed at reducing logistics costs and improving infrastructure.
The National Logistics Policy, launched in September 2022, aims to enhance India’s logistics framework.
It focuses on boosting the railways’ contribution to freight transport, which currently stands at 18%, by developing dedicated freight corridors (DFCs), upgrading road infrastructure, and expanding inland waterways.
Source: The Economic Times
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