India jumps 6 places in World Bank's Logistics Performance Index

STORY: India jumps 6 places in World Bank's Logistics Performance Index DATELINE: April 28, 2023 LENGTH: 00:01:31 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India Gate 2. various of export containers 3. various of port STORYLINE: India has improved in the logistics ranking, jumping six places to rank 38 out of 139 countries, as per the World Bank's seventh edition of Logistics Performance Index (LPI 2023) released recently. The country's Ministry of Commerce and Industry on Wednesday said that India has been taking numerous initiatives since 2015 to improve its logistics efficiency. The Indian government invested in trade-related soft and hard infrastructure connecting port gateways on both coasts to the economic zones in the hinterland, with technology acting as a critical component of this effort, said the ministry in a statement. The LPI is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on