New Delhi: The World Bank Group announced that India has improved its ranking in the World Bank Group’s bi-annual “Logistics Performance Index (LPI) 2016” and jumped 19 spots to reach 35th position in 2016. In 2014 India was in 54th position. With this latest ranking India has gone past countries like New Zealand, Thailand, Saudi Arabia, Iceland, Latvia and Indonesia.
Dr. Jim Yong Kim, President of World Bank met the Prime Minister Narendra Modi and congratulated him on this achievement. India’s new rank in the LPI list will certainly boost “Make in India” programme. Logistics organises the movement of goods through a network of activities and services operating at global, regional, and local scale.
The World Bank studies the policy regulation as well as supply chain performance outcomes across six sub-indices of the Logistics Performance Index and ranks countries based on theirperformance in all the indices.
Among these six sub-indices of the Logistics Performance Index, it is clear that India has improved the most on “the efficiency of customs and border management clearance”. And all this is possible because of some recent developments in customs laws.