India's Logistics Cost at 7.97% of GDP in FY24

A new study estimates the cost of moving goods in India to be about 8% of the country's total income.

This report, based on extensive data collection by DPIIT and NCAER, aims to help the government improve efficiency.

The cost has been decreasing over the past five years due to government initiatives.

Coastal waterways are the cheapest mode of transport, while air transport is the most expensive.

The report also clarifies that previous estimates were higher than the current figures.