What is the rank of India in the World Bank's 'Logistics Performance Index Report (2023)? 

The correct answer is 38th.

Key Points

• India was ranked 38th in the World Bank's Logistics Performance Index (LPI) Report 2023.
• The Logistics Performance Index assesses countries based on their logistics efficiency, including customs performance, infrastructure quality, and timeliness of shipments.
• India improved its rank significantly from 44th in 2018 to 38th in 2023, showcasing progress in its logistics sector.
• The LPI 2023 report covers 139 countries, providing a comprehensive global perspective on logistics performance.
• This improvement is indicative of India's ongoing efforts to enhance its infrastructure, regulatory environment, and supply chain efficiency.

Additional Information

• Logistics Performance Index (LPI)
  • The LPI is a benchmarking tool developed by the World Bank to help countries identify challenges and opportunities in their logistics performance.
  • It measures performance across six dimensions: customs, infrastructure, international shipments, logistics quality and competence, tracking and tracing, and timeliness.
  • The index is published biennially and is based on a worldwide survey of logistics operators on the ground (e.g., global freight forwarders and express carriers).
• Importance of Efficient Logistics
  • Efficient logistics are crucial for economic growth, as they reduce the cost of trade and improve the competitiveness of a country’s goods and services.
  • It enhances supply chain reliability, leading to better customer satisfaction and timely delivery of goods.
  • Improved logistics performance can attract foreign direct investment (FDI) by providing a reliable and efficient business environment.
• India's Logistics Sector
  • India's logistics sector is growing rapidly, driven by significant investments in infrastructure such as roads, railways, ports, and airports.
  • The government has launched several initiatives like the Bharatmala Pariyojana, Sagarmala Project, and the Dedicated Freight Corridor to boost logistics efficiency.
  • Technological advancements, including the use of digital platforms and data analytics, are helping streamline logistics operations in India.