India’s Logistics Sector Expected to Reach Worth USD 215 Billion by 2020-21

India’s logistics sector is shining bright. The current size of the logistics industry in the country is worth around USD 160 billion. The sector is growing fast and it is expected that the industry will touch worth USD 215 billion by 2020-21, at a compounded annual growth rate (CAGR) of 10.5 percent.

India’s logistics industry is growing rapidly and has emerged as an industry of billions dollar. The sector is providing employments a large mass.

At present, the sector is employing more than 22 million people. In the last five years, it has grown at CAGR for 7.8%. It will continue its growth in the upcoming years.

What are the key drivers in creating a roadmap for growth and boom in India’s logistics industry?

There are several factors that are playing a pivotal role in the boom of the Indian logistics industry. The development of logistics-related infrastructure, the implementation of GST and relaxed FDI regulations, the granting of infra status, and the emergence of cutting-edge technology are the key factors that are building a significant roadmap for the boom in the Indian logistics industry.

The Infrastructure Development

The Government of India has done an excellent job in the development of logistics-related infrastructure. The government is endeavoring positively to revolutionize the functionalities of Indian logistics.