Logistics is one of the most pivotal pillars for functioning of an organisation. Further, it is a universally acknowledged fact that the cost of logistics is very high in India. Some estimates put it at about 13 percent of GDP, which is higher than the US (9) and Germany (8). A study by Assocham-Resurgent India (2016) stated that the country can save $50 billion if logistics costs reduce from 14 percent to 9 percent of GDP. Reduced logistics costs would bring down prices of products also. But the question is why it is so high?
Posted in .