INDUSTRY
India's Logistics Market
In the year 2022, the size of the Indian Logistics market was around $281 billion. It is estimated that this market would grow to $563 billion in 2030, at a compound annual growth rate of 9.4%.
India spends around 14.4% of its GDP on logistics and transportation as compared to less than 8% spent by other developing countries. To fulfil the government's vision of bringing down the logistics expenditure from 14.4% to less than 10%, Green Logistics will play a crucial role.