India climbed six places in the World Bank’s Logistics Performance Index for 2023, securing 38th place out of 139 countries surveyed. The country was ranked 44th in the last edition of the logistics performance evaluation from 2018.
The Index measures a country’s performance in terms of trade and transportation-related infrastructure, customs and border management, quality of logistics services, timeliness of shipments, ability to track shipments, and availability of international shipments at competitive prices.
On individual parameters such as customs, India’s rank was 47, having previously ranked 40.
Infrastructure also ranked 47, but was an improvement from 52. Punctuality ranked 35 in 2023, a significant improvement from 2018’s 52 position, while logistics proficiency ranked 38 , up from 42 in 2018.
“The Logistics Performance Index helps developing countries identify where improvements can be made to increase competitiveness,” said Mona Haddad, global director for trade, investment, and competitiveness at the World Bank, in a statement.
The World Bank report emphasized that digitization is helping India improve its logistics and supply chain.
“Since 2015, the Indian government has invested in trade-related soft and hard infrastructure, connecting port gates on both coasts with economic hubs in the hinterland. Technology has been a critical component of this effort, with the implementation of a public-private partnership of a supply chain visibility platform contributing to a notable reduction in delays,” the report said.
The report highlighted that there is a growing demand for green logistics options that reduce the carbon footprint of supply chains and keep trade flowing.
“Ecologically sustainable logistics options can reduce the carbon footprint of supply chains and keep trade flowing. Green options include switching to less carbon-intensive modes of freight, more energy-efficient warehousing, or better capacity utilization,” the report reads.
Singapore secured the top spot in the index, followed by Finland and Denmark.