India's Rise in the World Bank's Logistics Performance Index 2023
| Key Points for Exam Preparation | Details |
|---|---|
| Why in News? | India ranked 22nd in International Shipments and 38th overall in the World Bank's Logistics Performance Index (LPI) 2023. It improved from 44th (2018) in International Shipments and 54th (2014) overall. Turnaround time at Indian ports reduced to 0.9 days, better than USA (1.5 days), Australia (1.7 days), and Germany (1.3 days). |
| World Bank's LPI 2023 | Ranks 139 countries on logistics efficiency in six categories: Customs, Infrastructure, International Shipments, Logistics Competence, Tracking & Tracing, and Timeliness. |
| PM GatiShakti National Master Plan | Launched October 2021, aims for multimodal connectivity, reducing logistics costs, and improving transport networks. Target: 2024-25. |
| National Logistics Policy (NLP) | Launched September 2022, focuses on last-mile delivery, reducing delays, and enhancing logistics efficiency. |
| Logistics Data Bank Project | Implemented by NICDC, uses RFID tracking for real-time container monitoring and supply chain transparency. |
| Maritime Amrit Kaal Vision 2047 | Focuses on port expansion, automation, sustainability (hydrogen hubs), shipbuilding, and boosting India's global maritime presence. |
| World Bank Headquarters | Washington, D.C., USA |