Logistics industry can facilitate India becoming a US$26 trillion economy

India’s transportation and logistics industry is set to play a pivotal role in supporting the country’s ambitious growth aspirations. According to a recent EY report titled “India@100: realizing the potential of a US$26 trillion economy,” India is expected to reach a staggering US$26 trillion by FY 2048. As the nation gears up to achieve this milestone over the next 25 years, the transportation and logistics industry will be a key enabler.

Currently, India’s freight movement is heavily dependent on road transportation, accounting for 66 percent of cargo in ton-kilometers. Rail transportation follows closely behind, with a share of 31 percent, while shipping and air transportation contribute three percent and one percent, respectively. However, freight transportation is unevenly distributed across different modes.

Efforts are underway to correct this imbalance by establishing integrated infrastructure, adopting a multimodal approach, and pursuing sustainable development.

 

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