India Ranks 38 on World Bank Logistics Index: Significant Improvement in Port Performance
India has made significant progress in logistics performance and climbed six places to 38th rank in the World Bank’s Logistic Performance Index 2023. The country has achieved this feat due to its investments in soft and hard infrastructure and technology, which have resulted in improved port performance. The index of 139 countries has ranked India higher than its previous ranking at 44 in 2018.
The Indian government has made investments in both hard and soft infrastructure related to trade, which has helped to connect port gateways on both coasts to the economic poles in the hinterland. In 2023, India’s ranking for international shipments improved significantly, moving up from 44 in 2018 to 22. The country also climbed four places to rank 48 in logistics competence and equality.
India has seen a significant improvement in timelines, moving up 17 places in the rankings, while tracking and tracing improved three places, ranking at 38. These improvements can be attributed to the Indian government’s investments in hard and soft infrastructure related to trade and technology, resulting in improved port performance.
The World Bank’s report has highlighted the importance of end-to-end supply chain digitalization in emerging economies. The report states that this technology can allow countries to shorten port delays by up to 70% compared to those in developed countries. Furthermore, it states that demand for green logistics is increasing, with 75% of shippers looking for environmentally friendly options when exporting to high-income countries.
Despite most time spent in shipping, the largest delays occur at seaports, airports, and multimodal facilities. Policies targeting these facilities can help improve reliability. The report’s co-author, Christina Wiederer, senior economist at the World Bank group’s macroeconomics, trade & investment global practice, said that policies targeting these facilities could help to improve reliability.
India’s six-place rise to the 38th rank in the World Bank’s Logistic Performance Index 2023 is a positive indicator of the country’s progress in the logistics sector. The Indian government’s investments in hard and soft infrastructure related to trade, technology, and the environment have led to improved port performance and an increase in the country’s ranking. The report also highlights the importance of end-to-end supply chain digitalization and the need for policies targeting seaports, airports, and multimodal facilities to improve reliability.
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