Explanation: The LPI is a benchmarking tool developed by the World Bank Group to assess trade logistics performance.

• It evaluates various parameters, including customs performance, infrastructure quality, ease of arranging shipments, logistics services quality, consignment tracking, and timeliness of shipments.
• India has shown significant progress in the World Bank’s Logistic Performance Index (LPI) 2023, climbing six positions to secure the 38th rank among 139 countries.

Source: FORUMIAS