Ease Of Doing Biz: India Jumps 19 Places In World Bank’s Logistics Performance Index 

by Swarajya Staff - Aug 31, 2016 11:52 AM
Ease Of Doing Biz: India Jumps 19 Places In World Bank’s Logistics Performance Index Image Credit: SAM PANTHAKY/AFP/Getty Images
Snapshot
  • India’s performance in logistics has vastly improved in 2016, as indicated by World Bank’s latest Logistics Performance Index (LPI) report.

    India jumped 19 places, moving up the ranks from 54 in 2014 to 35 this year.

    If India keeps the same pace of improvement, it should overtake China by 2018.

India has made an impressive leap in its logistics performance in the last two years. The latest Logistics Performance Index (LPI) report released by the World Bank is a testament to that.

India improved its ranking from 54 in 2014 to 35 this year (2016). The LPI report is published every two years. This time, it compared 160 countries.

LPI is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance.

World Bank surveys operators (global freight forwarders and express carriers) working on the ground and asks them the logistics-friendliness of the countries in which they operate and those with which they trade. Their feedback in addition to quantitative data on the performance of key components of the logistics chain help determine the rankings in the LPI index.

The World Bank report notes that the capacity of developing countries to efficiently move goods and connect manufacturers and consumers with international markets is improving; however, it also says that much more needs to be done to close the performance gap in supply chains in these countries.

India’s score went up from 3.08 to 3.42. Germany tops the rankings with a score of 4.23. It is followed by Luxembourg, Sweden, Netherlands and Singapore. The US, with a score of 3.99, stands at 10th. China is at 27th with a score of 3.66.

If India keeps the same pace of improvement, it should overtake China by 2018.

Get Swarajya in your inbox everyday. Subscribe here.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Comments
Get Swarajya in your inbox everyday. Subscribe here.
Advertisement

Latest Articles

    Artboard 4Created with Sketch.