{"id":145625,"date":"2021-11-09T19:20:58","date_gmt":"2021-11-09T13:50:58","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=145625"},"modified":"2021-11-16T18:30:23","modified_gmt":"2021-11-16T13:00:23","slug":"gujarat-retains-pole-position-in-logistics-index-commerce-ministry-report","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/gujarat-retains-pole-position-in-logistics-index-commerce-ministry-report\/","title":{"rendered":"Gujarat retains pole position in logistics index: Commerce ministry report"},"content":{"rendered":"\n
What is the News?<\/b><\/h5>\n

The Ministry of Commerce has released the<\/span> LEADS (Logistics Ease Across Different States) 2021.<\/span><\/p>\n

What is LEADS (Logistics Ease Across Different States)?<\/b><\/h5>\n

\"\"<\/p>\n

Source: Economic Times:<\/strong><\/p>\n

The Ministry of Commerce and Industry (MoCI) had launched LEAD Index in 2018 with the main objective of ranking States and UTs on the efficiency of their logistics ecosystem.<\/span><\/p>\n

The survey parameters are based on three key pillars\u2014infra-structure, services,<\/strong> and operating<\/strong> and regulatory environment<\/strong>.\u00a0<\/span>\u00a0<\/span><\/p>\n

The\u00a0survey, has\u00a021\u200aindicators, including 17 perception indicators and four objective indicators.\u00a0<\/span>\u00a0<\/span><\/p>\n

The first version of the index (LEADS 2018) focused on export-import trade and assessed the efficiency of the logistics ecosystem in each State and UT.<\/span><\/p>\n

The second edition of the study (LEADS 2019) covered both international and domestic trade.<\/span><\/p>\n

The third version (LEADS 2021) has gone one-step ahead in analysing the domestic and EXIM logistics ecosystem of the state.<\/span><\/p>\n

What are the rankings in the index?<\/b><\/h5>\n

Topped by:<\/b> Gujarat has topped the index.Haryana has secured the second position followed by Punjab at third.<\/span><\/p>\n

North Eastern States and Himalayan Region: Jammu and Kashmir is the top ranker followed by Sikkim and Meghalaya<\/span><\/p>\n

Union Territories:<\/b> Delhi stands at the top rank among other UTs.\u00a0<\/span><\/p>\n

Remarkable improvement:<\/b> Uttar Pradesh, Uttarakhand and Jharkhand have witnessed a remarkable improvement in their ranks compared to 2019 LEADS ranking and have emerged as the top improvers.<\/span><\/p>\n

What is the significance of this index?<\/b><\/p>\n

The inputs given by the LEADS 2021 can lead the way to bring down logistics cost by 5% over the next 5 years.<\/span><\/p>\n

Currently, the cost of logistics in India is at a high 12-13% of GDP.<\/span><\/p>\n

How is India faring in the logistics sector?<\/span><\/b>\u00a0<\/span><\/h5>\n

India\u2019s logistics cost is approximately 13-14% of its gross domestic product (GDP), while that of developed countries is in the range of 8-10%.\u00a0<\/span>\u00a0<\/span><\/p>\n

Further, The World Bank\u2019s Logistics Performance Index\u00a0ranked\u00a0India\u00a0at 44th\u00a0position\u00a0in 2018 as against\u00a0160 countries.\u00a0<\/span>\u00a0<\/span><\/p>\n

Source:<\/b> This post is based on the following articles:\u00a0<\/span><\/p>\n