India's logistics cost will come down to single-digit in two yrs: Gadkari

Quick Summary:

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

Addressing an event organised by NITI Aayog, Gadkari said the ministry is constructing several highways and expressways, which will help reduce India's logistics cost.

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

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Category: BusinessFinance

Markets: IndiaChinaJapan

Topics: Gadkari Logistic industry Nitin Gadkari Logistics Indian logistic sector

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Published On: 2024-10-17 @ 13:38:02 (10 hours ago)

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News Source URL: business-standard.com

Language: English

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