LOGISTICS AND TRANSPORTATION INDUSTRY IN INDIA

1. By bapreet kaur
Course- bcom hons
2018005205
Sem-03

2. INDIAN TRANSPORTATION INDUSTRY
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3. WHAT MAKES THIS
INDUSTRY
• Government as well private
investments, rising exports, increasing
interstate movement of goods and
passengers, growing FMCG sector
and rising disposable income are the
major drivers of transpiration industry
in India.
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4. LOGISTICS
• Logistics refer to the overall
process of managing how
resources are acquired, stored, and
transported to their final
destination.
• Logistics management involves
identifying prospective distributors
and suppliers and determining their
effectiveness and accessibility.
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5. PURVIEW
• During Budget 2019, it was
announced that Indian customs
plans to fully digitise its
transactions and utilise RFID
technology to improve export
logistics.
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6. E-COMMERCE
• ecommerce has also immensely
boosted the prospects of logistics
sector.
• This is further complemented by
the implementation of GST, which
streamlined the state-wise tax
structure and ensured seamless
movement of goods.
• According to Economic Survey
2017-18, the Indian logistics
market is expected to reach about
$215 billion in 2020, growing at a
CAGR of 10.5 percent.
• Ease of doing business
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7. BACKBONE
• The Indian logistics sector provides a livelihood
to over 22 million people, which in the next
couple of years is expected to grow significantly.
The recent opening of ports such as Chabahar
further promise a growing international trade
setup for India, particularly with high potential
markets such as Iran and Afghanistan and other
middle-eastern countries.
The government has already formed a national
committee headed by the Cabinet Secretary to
reduce the logistics cost from 14 percent
currently to 10 percent by 2022.

8. APPROACHES
For future growth
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