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Logistics Performance Index LPI Report

Focus: GS III: Indian Economy

Why in News?

The Gati Shakti, a National Master Plan for multimodal connectivity has significantly contributed to the improvement of India’s rank in World Bank’s Logistics Performance Index Report 2023.

  • India ranks 38 out of 139 countries on World Bank’s Logistics Performance Index Report 2023
  • India’s rank has improved by six places from 44 in 2018 and sixteen places from 54 in2014.

About PM Gati Shakti:

  • It will incorporate the infrastructure schemes of various Ministries and State Governments like Bharatmala, Sagarmala, inland waterways, dry/land ports, UDAN etc.
  • Economic Zones like textile clusters, pharmaceutical clusters, defence corridors, electronic parks, industrial corridors, fishing clusters, agri zones will be covered to improve connectivity & make Indian businesses more competitive.
  • It will also leverage technology extensively including spatial planning tools with ISRO imagery
  • developed by BiSAG-N (Bhaskaracharya National Institute for Space Applications and Geoinformatics).    
  • The multi-modal connectivity will provide integrated and seamless connectivity for movement of people, goods and services from one mode of transport to another.
  • It will facilitate the last mile connectivity of infrastructure and also reduce travel time for people.
  • PM GatiShakti will provide the public and business community information regarding the upcoming connectivity projects, other business hubs, industrial areas and surrounding environment.
  • This will enable the investors to plan their businesses at suitable locations leading to enhanced synergies.
  • It will create multiple employment opportunities and give a boost to the economy.
  • It will improve the global competitiveness of local products by cutting down the logistics costs and improving the supply chains, and also ensure proper linkages for local industry & consumers.

About Logistics Performance Index (LPI):

  • The Logistics Performance Index (LPI) is released by the World Bank.
  • Purpose:
    • It is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance.
  • Measures:
    • The LPI measures the ease of establishing reliable supply chain connections and structural factors that make it possible, such as the quality of logistics services, trade and transport-related infrastructure, as well as border controls.

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