Which of the following is the target of National Logistics Policy-2022?
I. To increase logistics cost.
II. To develop a data-driven decision support system.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2: Only II.
Explanation:
- The objective of the National Logistics Policy (NLP), 2022, is to enhance the efficiency of goods transportation in India and reduce its associated costs.
- Statement 1 is incorrect: The policy's goal is not to 'increase' logistics costs, but rather to reduce them. Currently, logistics costs in India account for approximately 13–14% of the GDP; the target is to bring this down to a single-digit figure (approximately 8%) by 2030.
- Statement 2 is correct: A key pillar of this policy is 'Digitization.' Under this initiative, the aim is to develop a Data-driven Decision Support System to facilitate smoother monitoring and management of logistics operations. To this end, systems such as the 'Unified Logistics Interface Platform' (ULIP) are being utilized.
Key Objectives of NLP-2022 (Quick Revision):
- As you prepare for high-level examinations such as SSC CGL and RRB, these points are of great importance to you:
- Cost Reduction: Bringing logistics costs in line with global benchmarks.
- Ranking Improvement: Securing a place for India among the top 25 countries in the Logistics Performance Index (LPI) by 2030.
- Integrated Portal: Creating a single digital window for all logistics-related services.
Important Questions for Upcoming Examinations:
Question: When was the National Logistics Policy (NLP) launched?
Answer: September 17, 2022.
Question: What is the full form of 'ULIP,' which is a component of this policy?
Answer: Unified Logistics Interface Platform.
Question: Which institution publishes the Logistics Performance Index (LPI)?
Answer: The World Bank.