World Bank's Logistic Performance Index (LPI) 2023

World Bank's Logistic Performance Index (LPI) 2023

India has climbed 6th places on the World Bank's Logistic Performance Index (LPI) 2023, now ranking 38th out of 139 countries index, as a result of significant investments in both soft and hard infrastructure as well as technology. According to the report: India's rank moved up 5th places in infrastructure score from 52nd in 2018 to 47th in 2023. It climbed to the 22nd spot for international shipments in 2023 from 44th in 2018 and moved four places up to 48th in logistics competence and equality. In timelines, India witnessed a 17-place jump in rankings, whereas it moved up three places in rank in tracking and tracing to 38th. The report quotes modernisation and digitalisation as a reason for emerging economies, like India, to leapfrog advanced countries. Since 2015, the Government of India has invested in trade-related soft and hard infrastructure connecting port gateways on both coasts to the economic poles in the hinterland. The government had announced the PM Gati Shakti initiati…