Q. Consider the following statements:
1.India’s logistics sector is mostly unorganized and fragmented.
2.The National Logistics Policy (NLP) aims to bring down logistics costs and address logistical challenges.
Which of the statements given above is/are correct?
Answer: C
Notes:
Statement 1: India’s logistics sector is largely unorganized and fragmented, which is why the country’s logistics costs as per external estimates are as high as 14-15% of GDP, against 7-8% in developed nations. Due to the fragmented logistics in the country, about 16% of India’s agri-production is wasted at different stages of the supply chain.
Statement 2: The National Logistics Policy (NLP) launched aims to bring down logistics costs and address logistical challenges.
Source: Live Mint
