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  Published Paper Details:

  Paper Title

Key Trends and Challenges in Indian Logistics -A Study

  Authors

  Dr.T.Raghaveni

  Keywords

Keywords: GDP,CAGR, Logistics, Infrastructure, GST

  Abstract


ABSTRACT : India has become the prime destination for logistics service providers all over the world. The logistics industry in India is growing rapidly, with the country's economy expanding at a rapid pace. The sector is expected to grow at a compound annual growth rate (CAGR) of 15.5% between FY2019 and FY2024, according to various market research. The sector employs around 22 million people and is expected to create another 1.2 million jobs by 2025.The government's focus on infrastructure development, FDI reform, and the implementation of the Goods and Services Tax (GST) are some of the key drivers of growth in the sector. The government's initiatives such as Make in India and Digital India are also expected to boost the growth of the logistics industry in the country. India is also experiencing a big retail boom as the buying capacity of the middle and upper middle segment of the population has scaled new heights. Many large multinationals from the retail industry are planning to set up operation in India and large local retailers are also planning to expand their operations. But with the infrastructure largely under-developed and incapable of catering to a growing economy, logistics management in India becomes too complex. The poor condition of infrastructure directly translates to higher turnover, pushing up the operating costs and reducing efficiency. There are other problems such as complex regulatory compliance and limited adoption and utilization of technology, which has resulted in increased paperwork and inability to communicate effectively with customers. In spite of dismal infrastructural scenario, the hopes of the logistics sector are kept up by the various upcoming infrastructural projects like logistics parks and hubs and other initiatives by public and private sector. The future of the logistics sector depends not only on the continued development of infrastructure but also on the capability of the service providers in adapting themselves and making optimal utilization of technology. The present paper focus on the latest trends in the Indian logistics industry and the initiatives undertaken by the Government for infrastructure development and the measures adopted by the private organizations too.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT2307392

  Paper ID - 241241

  Page Number(s) - d400-d404

  Pubished in - Volume 11 | Issue 7 | July 2023

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Dr.T.Raghaveni,   "Key Trends and Challenges in Indian Logistics -A Study", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.11, Issue 7, pp.d400-d404, July 2023, Available at :http://www.ijcrt.org/papers/IJCRT2307392.pdf

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ISSN: 2320-2882
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Journal Starting Year (ESTD) : 2013
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ISSN and 7.97 Impact Factor Details


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ISSN
ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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