Logistics Performance Index 2023 | Logistics rank of India | Logistics #shorts #viral #india #news

The growth of a country significantly hinges on the quality of its logistics infrastructure. Recently, the World Bank released the seventh edition of the Logistics Performance Index, ranking 139 countries. India has made remarkable progress, jumping to 38th place from the 44th position it held in the 2018 edition, which included 160 countries. This considerable improvement highlights the advancement in India’s logistics sector.

According to the index, Singapore stands out with an impressive rank of 17, while China is close behind at 19. The Logistics Performance Index is a crucial metric as a country's logistics structure holds substantial importance for continuous GDP growth driven by exports.

The World Bank began publishing this index in 2010, releasing it biennially. However, the index was not released in 2020 due to the COVID-19 pandemic. Thus, the current edition marks the first release since 2018.

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Keywords

Logistics Performance Index
World Bank
India logistics rank
GDP exports
Singapore logistics rank
China logistics rank
COVID-19 impact
Biennial report

FAQ

Q: What recent development has significantly influenced India's logistics sector ranking? A: India’s rank has jumped to 38th place in the World Bank's seventh edition of the Logistics Performance Index from its previous 44th place in 2018.

Q: How often is the Logistics Performance Index published? A: The index is published biennially (every two years).

Q: Why was the Logistics Performance Index not released in 2020? A: The release was delayed due to the COVID-19 pandemic.

Q: Where does Singapore rank in the latest Logistics Performance Index? A: Singapore ranks 17th in the latest edition.

Q: What is the importance of a country’s logistics infrastructure according to the article? A: A robust logistics infrastructure is vital for continuous GDP growth and the efficiency of exports.