India continues to slip on the logistics front
By admin
Trade procedures, transport and telecommunications infrastructure, and the domestic market for support services, constitute the logistic environment in a country and play a crucial role in trade facilitation.
How does India’s logistic environment fare in comparison with the rest of the world? A logistic performance index (LPI) worked out by the World Bank, and released last week, shows that India was ranked 47 among 155 nations, and India’s performance was around two-third the levels achieved by Germany, the best performing nation. But what is more worrying is that India’s ranking has also slipped nine rungs from the 39th position in 2007. Source



January 30th, 2010