In 2024, India's rank improved significantly in the Logistics Performance Index (LPI). What specific reform contributed most to this jump?
Show answer & explanation
Correct answer: C
Explanation
Solution: The correct answer is Implementation of PM Gati Shakti and Unified Logistics Interface Platform (ULIP).
Explanation:
☛ India's rank improved significantly to the 38th position among 139 countries in the Logistics Performance Index (LPI) released by the World Bank.
☛ This leap was primarily driven by targeted infrastructure and digital interventions, notably the PM Gati Shakti National Master Plan and the Unified Logistics Interface Platform (ULIP).
☛ PM Gati Shakti, launched in October 2021, integrates multimodal infrastructure planning to eliminate bottlenecks and lower freight transit time.
☛ ULIP provides a single-window digital platform that integrates multiple logistics-related digital systems across various government ministries, ensuring real-time cargo visibility.
Extra Exam-Relevant Facts:
☛ Logistics Performance Index (LPI): Evaluates countries across six core parameters including customs efficiency, infrastructure quality, and tracking and tracing.
☛ National Logistics Policy (NLP): Launched in September 2022 with the objective of reducing logistics costs in India to match global benchmarks.
☛ Drone Policy: The Liberalised Drone Rules 2021 and a PLI scheme were introduced to foster commercial drone adoption and domestic manufacturing.
☛ ASEAN-India Trade Agreement: The ASEAN-India Trade in Goods Agreement (AITIGA) was signed in 2009 and came into force on January 1, 2010.
Important One-Liners for Upcoming Exams:
☛ Which international organisation publishes the Logistics Performance Index (LPI)? → World Bank
☛ In which year was the PM Gati Shakti National Master Plan launched? → October 2021
☛ What is the primary role of the Unified Logistics Interface Platform (ULIP)? → Integrated digital tracking and data exchange across logistics stakeholders
☛ Which country secured the 1st rank in the World Bank LPI 2023 report? → Singapore
☛ In which year was the National Logistics Policy (NLP) officially unveiled in India? → 2022