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

Introduction

The growth of a country significantly depends on the efficiency of its logistics infrastructure. Recently, the World Bank has released the seventh edition of the Logistics Performance Index (LPI), ranking 139 countries on their logistics performance.

India's Ranking

In the latest edition, India has experienced a remarkable improvement, jumping to the 38th position. This is a notable advancement compared to the 6th edition, released in 2018, where India was ranked 44th out of 160 countries.

Global Rankings

The LPI highlights the world's best logistics performers, with Singapore securing the 17th position and China placed at 19th. Efficient logistics systems are crucial for a country's GDP and export growth.

History and Frequency

The World Bank commenced the LPI in 2010, with reports typically released every two years. However, the 2020 edition was not published due to the COVID-19 pandemic, making this the first update since 2018.

Conclusion

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Keywords

Logistics Performance Index (LPI)
World Bank
India's logistics rank
Singapore logistics rank
China logistics rank
GDP and exports
COVID-19 impact on reports
Logistics infrastructure

FAQ

What is the Logistics Performance Index (LPI)?

The LPI is a report released by the World Bank which ranks countries based on the efficiency of their logistics infrastructure.

How well did India perform in the latest LPI?

India jumped to the 38th position in the latest edition, an improvement from the 44th position in 2018.

Which country has the best logistics according to the LPI?

Singapore is ranked 17th, and China is ranked 19th in the latest LPI, indicating high logistics performance.

When was the LPI first released?

The World Bank started releasing the LPI in 2010.

Why was the LPI not released in 2020?

The 2020 edition of the LPI was not released due to the COVID-19 pandemic.

How often is the LPI published?

The LPI is usually published every two years.