India's logistics cost will come down to single-digits in 5 yrs: Gadkari

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India's logistics cost will come down to single-digits in 5 yrs: Gadkari - Business Standard

Quick Summary:

India's logistics cost will come down to single-digit within the next five years, Union Road Transport and Highways Minister Nitin Gadkari said on Thursday.

However, according to quick estimates of economic think tank National Council of Applied Economic Research (NCAER), the logistics cost in India ranged from 7.8 per cent to 8.9 per cent of GDP in 2021-22.

Addressing the 'Deloitte Government Summit' here, Gadkari said the ministry is constructing several highways and expressways which will help reduce India's logistics cost.