The growth of India’s manufacturing sector over the last few years has created a wealth of opportunities for the logistics sector, according to a report by Frost & Sullivan. The research company has published its latest report – titled ‘Strategic Analysis of Indian Logistics Market’ – which suggests that the logistics market earned a total of US$75.19 billion in revenues last year, representing about 6.2 percent of the country’s GDP.

The figure is expected to increase to $120.42 billion in 2014, witnessing a CAGR of 9.9 percent between 2009 and 2014. “Apart from the steady expansion of operations by large domestic industrial groups, an increasing number of global majors in industries ranging from automotive and electronics to pharmaceuticals and cement have been targeting a spot in the highly lucrative Indian market,” stated Srinath Manda, industry analyst at Frost & Sullivan. Source