Powering India's economic ambitions: How logistics holds the key to $5 trillion future
India is projected to become a USD $5 trillion economy by 2047. This growth is expected to be driven by a few major factors, key amongst which is a stronger, more robust, streamlined, organised, and efficient logistics and transport infrastructure. The recently announced Union Budget and the broader Amrit Kaal 2047 vision — the government’s active effort to make India an export-led, aatmanirbhar economy — all seek to lay a strong foundation for an organised logistics sector in India.
Why? Because the logistics sector, one way or another, will be a significant economic driver for the country in coming years.
Consider this: India’s current contribution to global exports stands below 2%. By undertaking strategic capacity building for the logistics sector, the government can, not just boost the economy in the short and medium terms but also supercharge long-term development and economic activity with a massive headroom for growth. Increasing the country’s participation in international value chains through a more organised logistics sector has, therefore, emerged as a clear policy priority — and key players in the space can contribute significantly to this nation building project.
Amrit Kaal and the logistics sector
The first and the most obvious place to look for synergy is the Amrit Kaal vision, which aims to set a roadmap for India's growth and development to mark 100 years as an independent nation by focusing on sustainability, efficiency, and innovation. An investment of INR80 lakh crore, for instance, has been
