The target of National Logistics Policy is to improve India's Logistics performance index ranking to among top 25 countries by ______.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2: 2030.
Explanation:
- The primary objective of the National Logistics Policy (NLP) is to improve India's ranking in the Logistics Performance Index (LPI) by the year 2030, thereby positioning it among the top 25 countries globally.
- Prime Minister Narendra Modi launched this policy in September 2022. Its aim is to reduce the cost of transporting goods within India and to enhance the efficiency of logistics operations.
- Key Objectives of the National Logistics Policy (NLP):
- Cost Reduction: Currently, logistics costs in India account for approximately 13–14% of the Gross Domestic Product (GDP). The policy aims to reduce this figure to a single-digit percentage (approximately 8%) by 2030.
- Ranking Improvement: To elevate India's position into the list of the top 25 countries in the 'Logistics Performance Index' published by the World Bank.
- Data-Driven Decision Making: To utilize digital systems (such as ULIP: Unified Logistics Interface Platform) to enhance transparency and efficiency within the logistics sector.
- Skill Development: To provide training to the workforce employed in this sector and to generate new employment opportunities.
Key Initiatives:
To strengthen the logistics sector, the government has also launched 'PM Gati Shakti – National Master Plan,' which facilitates the integrated planning and implementation of infrastructure projects.
Important Questions for Upcoming Examinations:
Question: At what interval is the World Bank's 'Logistics Performance Index' (LPI) released?
Answer: Generally, every two years.
Question: The 'Unified Logistics Interface Platform' (ULIP) is a key component of which policy?
Answer: The National Logistics Policy (NLP).
Question: Currently, what percentage of the GDP do logistics costs account for in India?
Answer: Approximately 13–14% (Target: To reduce it to 8%).