How will India's economy benefit from the new National Logistics Policy?

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By 2040, India wants to have a $20 trillion economy, and by 2047, it wants to be a developed country

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The NLP is timely given the importance of strong export and logistics efficiency, seamless connection, and superior infrastructure in achieving these lofty objectives.

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India currently spends 13–14% of its GDP on logistics, compared to 7-8% in affluent nations. The goal, according to Prime Minister Narendra Modi

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who announced the programme, is to reduce the logistics cost to a single digit as quickly as possible.

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India's exports are becoming less competitive due to the increased logistics expenses.

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India currently faces a $180 billion competitiveness gap due to increased logistics costs, and by 2030, the deficit is expected to reach $500 billion.

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The National Logistics Policy and Gati Shakti-National Master Plan for multi-modal connectivity are paving the road for a brighter future.

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The strategy aims to improve the Logistics Performance Index ranking to be among the top 25 countries by 2030

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The Comprehensive Logistics Action Plan will be used to implement the four elements of the programme (CLAP)

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System Improvement Group, Ease of Logistics (ELOG), Unified Logistics Interface Platform (ULIP), and Integration of Digital System (IDS) (SIG)

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Multi-modal logistics parks (MMLPs) can be established in key markets to enhance first- and last-mile connectivity.

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