Till now, logistics prices in India have been usually misrepresented, with generally cited figures of 13-14% of GDP derived from exterior research or partial datasets.
The federal government on Saturday stated a framework has been ready to scientifically derive the estimate of logistics prices of the nation.
This initiative follows the mandate of the Nationwide Logistics Coverage to determine a uniform framework for measuring logistics prices and benchmarking scientifically derived estimate of the associated fee.
“For the primary time, India could have a complete and scientifically derived estimate of logistics prices, utilizing a hybrid methodology that mixes secondary information with nationwide surveys,” the Commerce and Business Ministry stated.
Till now, logistics prices in India have been usually misrepresented, with generally cited figures of 13-14 per cent of GDP derived from exterior research or partial datasets.
This led to inconsistent estimates, inflicting confusion amongst policymakers and world stakeholders, it stated, including that as per the present evaluation ready by NCAER for DPIIT, logistics prices in India are estimated about 7.97 per cent of the overall GDP.
A report on this regard was launched by Commerce and Business Minister Piyush Goyal.
The report offers a complete framework by capturing logistics prices throughout completely different transport modes, product classes, and agency sizes.
It additionally presents estimates of freight value per tonne-kilometre and highlights the position of multi-modality in enhancing effectivity.
“By offering evidence-based steerage, the research strengthens India’s efforts to enhance competitiveness and helps the broader imaginative and prescient of positioning the nation as a worldwide logistics hub,” the ministry stated.
Industrial Park Ranking System 3.0
Goyal additionally launched the Industrial Park Ranking System (IPRS) 3.0.
Developed by the Division for Promotion of Business and Inside Commerce (DPIIT) with help from the Asian Growth Financial institution (ADB), the initiative goals to additional strengthen India’s industrial ecosystem and improve the competitiveness of commercial infrastructure.
The federal government is creating 20 plug-and-play industrial parks and good cities beneath NICDC, with 4 already accomplished, 4 beneath lively development, and the remaining at varied phases of bidding and tendering.
He added that the launch of IPRS 3.0 will assist assess and benchmark services, infrastructure, and competitiveness of commercial parks throughout the nation.
Beneath IPRS 3.0, industrial parks will likely be benchmarked and categorised as Leaders, Challengers, and Aspirers primarily based on their efficiency throughout key indicators.
This may present traders with clear and credible info, foster wholesome competitors amongst states and Union Territories, and information policymakers in designing focused interventions, it stated.
Revealed on September 20, 2025
