International Journal For Multidisciplinary Research

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Envisioning the Future of Indian Logistics

Author(s) Vishwanath Kumbar, Shashank M. Hiremath
Country India
Abstract Logistics is of critical importance for both businesses and the economy. A robust and efficient logistics sector of a country indicates an efficient forward and reverse of goods and services, which ultimately translates to a fast-paced growth in economy. According to a recent EY report, “India@100: Realizing the Potential of a US$ 26T Economy”, India is projected to grow to US$26 Trillion by FY'48. India’s transportation and logistics sector can act as the backbone to support this fast-paced growth, which the country is poised to achieve in the next 25 years. India’s freight movement is heavily skewed toward road transportation, which moves 66% of cargo (in ton-km). This is followed by rail (31%), shipping (3%) and air (1%). The sector continues to witness unevenness in freight transportation by mode and is working toward solving this impediment.
The ports, shipping and logistics industry in India is shifting to align with the evolving business landscape. Improved infrastructure, increased emphasis on digitalization, and a heightened focus on sustainable logistics are driving this shift as the country sets its eyes on unleashing the potential of becoming a US$26 trillion economy by FY'48 (with US$6 trillion by FY'30).
Keywords Logistics, Supply Chain Management
Field Business Administration
Published In Volume 5, Issue 2, March-April 2023
Published On 2023-04-30
Cite This Envisioning the Future of Indian Logistics - Vishwanath Kumbar, Shashank M. Hiremath - IJFMR Volume 5, Issue 2, March-April 2023. DOI 10.36948/ijfmr.2023.v05i02.2756
DOI https://doi.org/10.36948/ijfmr.2023.v05i02.2756
Short DOI https://doi.org/gr7hfq
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