Live
- Sandhya Theater Stampede Incident: Rahul Ramakrishna Retracts Comments on Issue
- Garena Free Fire MAX Redeem Codes for December 2024: Unlock Skins, Weapons, and More
- Dr. Ponguleti Sudhakar Reddy Welcomes Union Minister Piyush Goyal in Bengaluru
- Why Christmas is Celebrated on December 25: The Link to Roman Festivals
- Tributes paid to G Venkataswamy (Kaka)
- Amit Shah should quit; demand MP, MLA
- Hike in support price brings cheer to coconut farmers
- Apple's Face ID Smart Doorbell Could Unlock Doors by Late 2025
- Amit Shah must tender apology
- Govt’s focus on rural and tribal health: Minister Damodar
India’s logistics cost will reduce to single-digit: Gadkari
India's logistics cost will come down to single-digit within the next five years, Union Road Transport and Highways Minister Nitin Gadkari said on Thursday
New Delhi: India's logistics cost will come down to single-digit within the next five years, Union Road Transport and Highways Minister Nitin Gadkari said on Thursday. Addressing the 'Deloitte Government Summit' here, Gadkari said the ministry is constructing several highways and expressways which will help reduce India's logistics cost.
"I am confident that within five years our logistics cost will be in single-digit," he said. However, according to quick estimates of economic think tank National Council of Applied Economic Research (NCAER), the logistics cost in India ranged from 7.8 per cent to 8.9 per cent of GDP in 2021-22. The road transport and highways minister further said he aimed to make the Indian automobile industry number one in the world.
Last year, India had overtaken Japan to become the third-largest automobile market in the world, only behind the US and China, he said. According to him, the size of India's automobile industry rose from Rs 7.5 lakh crore in 2014 to Rs 22 lakh crore in 2024.
