How big is the logistics market in India?
In financial year 2021, the size of the Indian logistics market was around 250 billion U.S. dollar. It was estimated that this market would grow to 380 billion dollars in 2025, at a compound annual growth rate between 10 to 12 percent.
$8 Trillion To $12 Trillion
What percentage of freight is transported by road in India?
In financial year 2019, around 64 percent of the overall freight transportation in India was carried out by road.
Top 10 Logistics Companies in India
What is logistics industry in India?
LOGISTICS – GLOBAL VIEW Global Logistics Industry includes all activities of the supply chain such as transportation, customer service, inventory management, flow of information and order processing.
Other Top Logistics Companies in India
Is logistics a growing industry?
The global logistics market is expected to grow at a 6.8%1 CAGR during 2022-2030, particularly due to surge in e-commerce logistics, containers shortages, closure of major ports causing port congestion, shortage of truck drivers, andrestricted capacity in the air freight market.08-Apr-2022
General Freight Trucking (Truckload) in the US - Market Size 2002–2027
What are the new trends in logistics?
8 Major Logistics Trends Shaping Logistics Management in 2022
Indian Railways is one of the largest railways under the single management. It carried some 19.8 million passengers and 2.4 million tonnes of freight a day in year 2009 and is one of the world's largest employer. The railways play a leading role in carrying passengers and cargo across India's vast territory.23-Sept-2011
What is the most common transportation in India?
Bus / Tram is the most popular means of transport both in rural and urban areas. About 66% households in rural areas and 62% households in urban areas reported expenditure on this particular mode.29-Jun-2016
Well built and maintained infrastructure allows vital societal functions to flow and interact across sectors, demographic boundaries and national borders. Roads enable us to commute to work, send our children to school, get to the hospital and transport goods between manufacturers and to the end-users.17-Sept-2020
Which is the No 1 transport company in India?
List of Road Transport Companies in India
Given India's momentous growth in the logistics sector, Nagpur stands to rank among Asia's most crucial goods corridors. In 2015, the global logistics market was valued at USD 8.1 trillion.30-May-2017
Which logistics share is best in India?
Top 5 Logistics Stocks in India 2022
Indian Logistics Industry is said to be 13% of GDP. One can hear this figure in almost every intellectual discussion related to Logistics and infrastructure.27-Jan-2022
What is the future of logistics industry in India?
The demand for logistics services in India has been largely driven by the remarkable growth of the economy. The growth is being projected at 9-10 per cent in next few years, with the compounded annual growth rate (CAGR) expected to grow at a rate of 7-8 per cent.
India's logistics cost as a percentage of GDP is 8.35% on an average. For years, the government had been of the view that the logistics cost is 14% of GDP. A recent study by National Council of Applied Economic Research (NCAER) has revealed that India's logistics cost as a percentage of GDP is 8.35% on an average.02-May-2022
Who is best transporter in India?
Best 10 Road Tranportation Companies In India
A full-fledged logistics company is a lucrative business. The business is all about taking the orders and supplying the goods at your client's location. You may not need to have several vehicles to start this business.
Why are logistic costs so high in India?
The Railway minister highlighted that India's share of railways in overall transport of goods has been falling since 1950 which is the prime cause that the cost of logistics is so high in the country.28-Jul-2022
How big is the logistics market in India?