Current Affairs
Select Date

India ranks 35th in World Bank’s 2016 Logistics Performance Index

India has improved its ranking in the World Bank Group's bi-annual "Logistics Performance Index 2016", jumping from 54th in 2014 to 35th in 2016. This was announced by the World Bank Group in its recent launch of the report. In the latest ranking India has gone past countries like New Zealand, Thailand, Saudi Arabia, Iceland, Latvia and Indonesia who were ahead of it in the index. India's jump of 19 positions in the ranking demonstrates the commitment of various Ministries and agencies of Government of India to make it easy to do business in India. Dr. Jim Yong Kim, President of World Bank met the Prime Minister of India recently and congratulated him on this achievement. 
•    India also improved significantly in the following sub-indices: 
•    The ability to track and trace consignments, improving from 57 to 33; 
•    The quality of trade and transport infrastructure, improving from 58 to 36; and
•    The competence and quality of logistics services, improving from 52 to 32. 
•    On the remaining two sub-indices - the ease of arranging competitively priced shipments and the frequency with which shipments reach consignees within scheduled or expected delivery times - by 5 and 9 places respectively. 
•    The World Bank Group's bi-annual report ‘Connecting to Compete 2016: Trade Logistics in the Global Economy’, launched on Wednesday, captures critical information about the complexity of international trade. The Logistics Performance Index (LPI) within the report scores 160 countries on key criteria of logistics performance.