Apr 30, 2018 - Smart City Mission: Tech giants showing interest in setting up smart city centres

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk

The Logistics sector in India: Reduced costs thanks to technology and policy changes
It is a universally acknowledged fact the cost of logistics is very high in India. Some estimates put it at about 13-14 % of the gross domestic product (GDP). Other studies have showed it could be as high as 17-18% of GDP, which is much higher than the US (9%) and Germany (8%). A study in 2016, by the Associated Chambers of Commerce in India (ASSOCHAM), titled Resurgent India, stated that the country can save $50 billion if logistics costs reduce from 14% to 9% of the country's GDP. Reduced logistics costs would bring down prices of products and in turn, boost sales.

Continued here

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