{"id":146989,"date":"2021-11-16T20:21:03","date_gmt":"2021-11-16T14:51:03","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=146989"},"modified":"2021-11-16T20:21:03","modified_gmt":"2021-11-16T14:51:03","slug":"how-the-economy-gets-a-boost-from-efficient-logistics","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/how-the-economy-gets-a-boost-from-efficient-logistics\/","title":{"rendered":"How the economy gets a boost from efficient logistics\u00a0"},"content":{"rendered":"\n

News<\/span><\/b>:\u00a0Recently, the government released the annual Logistics Ease Across Different States (LEADS) report for 2021.\u00a0<\/span>\u00a0<\/span><\/p>\n

LEADS report ranks states and Union territories (UTs) on the efficiency of their logistics ecosystem. It aims\u200ato\u200ainduce\u200astakeholders\u200ato\u200amake necessary improvements.<\/span>\u00a0<\/span><\/p>\n\n\n\n
Must read<\/strong>: Gujarat retains pole position in logistics index: Commerce ministry report<\/strong><\/span><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
How will efficient logistics help?<\/span><\/b>\u00a0<\/span><\/h5>\n

With the country aspiring to be a manufacturing destination, an improved\u200alogistics\u200aenvironment\u200awill benefit\u00a0in <\/span>the following manner: <\/span><\/p>\n

– Generating better economies of scale, <\/span>\u00a0<\/span><\/p>\n

– Minimizing cost per unit, leading to lower prices for the consumer.<\/span>\u00a0<\/span><\/p>\n

– Improved\u200asupply chain efficiencies will help bring down logistics costs\u00a0 <\/span>\u00a0<\/span><\/p>\n

– Enhances industry competitiveness.<\/span>\u00a0<\/span><\/p>\n

What\u00a0are the initiatives taken by\u00a0the government\u00a0in this regard?<\/span><\/b>\u00a0<\/span><\/h5>\n

Policy target: <\/span><\/b>Centre\u2019s aim is to bring down logistics costs in India by 4-5% of GDP over the next five years to approximately 8% of GDP. <\/span>\u00a0<\/span><\/p>\n

Developmental initiatives taken at the international level-<\/span><\/b>The Supply Chain Resilience Initiative (SCRI)<\/a><\/strong><\/span><\/span>
\n<\/span><\/p>\n

Developmental initiatives taken\u00a0at\u00a0Domestic\u00a0front:\u00a0<\/span><\/b>Infrastructure<\/span> development initiatives such as\u00a0Sagarmala<\/a>,\u00a0Bharatmala<\/a>, Dedicated Freight Corridors,\u00a0paperless\u00a0EXIM trade process through E-Sanchit, mandatory electronic toll collection system (FASTag<\/a>), etc.<\/span>\u00a0<\/span><\/p>\n

Source:<\/span><\/b>\u00a0This post is based on the article \u201c<\/span>How the economy gets a boost from efficient logistics<\/span><\/b>\u201d published in\u00a0<\/span>Livemint <\/span><\/b>on\u00a0<\/span>16th Nov<\/span><\/b>\u00a02021<\/strong>.<\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

News:\u00a0Recently, the government released the annual Logistics Ease Across Different States (LEADS) report for 2021.\u00a0\u00a0 LEADS report ranks states and Union territories (UTs) on the efficiency of their logistics ecosystem. It aims\u200ato\u200ainduce\u200astakeholders\u200ato\u200amake necessary improvements.\u00a0 Must read: Gujarat retains pole position in logistics index: Commerce ministry report How will efficient logistics help?\u00a0 With the country aspiring… Continue reading How the economy gets a boost from efficient logistics\u00a0<\/span><\/a><\/p>\n","protected":false},"author":10316,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[216],"class_list":["post-146989","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-3","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/146989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10316"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=146989"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/146989\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=146989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=146989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=146989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}