World Bank Logistics Performance Index

India ranks 38th in the World Bank Logistics Performance Index (LPI).
India secured 38th place in the World Bank Logistics Performance Index (LPI) out of 139 countries.
Indian Ports “Turn Around Time” has improved. Indian Ports “Turn Around Time” is 0.9 days, which is better than USA (1.5 days), Australia (1.7 days).
India moved to 22nd Rank in the Global Ranking in the International Shipments category.
Singapore is ranked first, while Finland is in the second position of the index.
Germany, the Netherlands, and Switzerland are in second, third, and fourth spots, respectively.
After Singapore, Switzerland and Denmark scored highest in the customs category.
Afghanistan and Libya are in the bottom two spots in the index.
As per a report, initiatives like PM Gati Shakti and the National Logistics Policy will help India make a place among the top 25 nations on the World Bank Logistics Performance Index by 2030.
As per the report, the Indian freight and logistics market is projected to grow at an annual rate of 8.8 percent. It will reach USD 484.43 billion by 2029 from USD 317.26 billion in 2024.
India is fast emerging as a global logistics hub. The logistics cost in India is around 13–14 percent of its GDP.