India Jumps 19 places to 35 in World Bank’s Logistics Performance Index | business-news | Hindustan Times
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India Jumps 19 places to 35 in World Bank’s Logistics Performance Index

business Updated: Sep 01, 2016 18:12 IST
Jyotindra Dubey
Jyotindra Dubey
Hindustan Times
Highlight Story

The World Bank building in Washington DC.

India’s performance in logistics has vastly improved in 2016, as indicated by the World Bank’s latest Logistics Performance Index (LPI) report titled “Connecting to Complete 2016”. India jumped 19 places, moving up the ranks from 54 in 2014, to 35 this year. The LPI report is published by World Bank every two years.

Further, in terms of the six-components of the LPI -- customs, infrastructure, international shipments, logistics quality and competence, tracking and tracing, and timeliness -- India’s ranking is 38, 36, 39, 32, 33 and 42, respectively.

The LPI is an interactive benchmarking tool created to help the countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance.Improvement in India’s rank in LPI adequately establishes steady performance in its competitiveness in manufacturing and trade that also acts as one of the growth drivers of the ‘Make in India’ programme.