Big consumer base in India
cent and moving toward eight to nine per cent, by this speed Indian can easily reinstate China as the driver of world economy.”
“India has a bigger advantage to consume the product within the country as India has already been nominated amongst the world’s biggest consumer market and it is a temptation for business houses to produce and place in India while China is producing maximum for exporting in other countries.
In the present scenario, India is becoming a better base for pharmaceutical, white goods, automobile, telecom and retail verticals besides our market size is also expending which further adding to opportunities for LSPs,” Khosla adds.
Other key Indian logistics: • Cost of labour which is an
`100 average of per hour, the lowest globally and in China this is almost double. Indian logistics cost is 13 per cent of GDP and at the same time in China this is 17 per cent, although this is not the lowest and slightly high • factors boosting • in comparison to Japan and the US. The implementation of GST in India not only adds value to the GDP but also gives strength to LSPs for hassle free faster movement across India. “Any country’s progress is visible from what the country is offering to
India needs a lot of investment in developing a world-class infrastructure in industrial areas, DFCs and redevelopment of export zones
its citizens and more importantly to its industrialists who are bringing in the country’s revenue. India needs a lot of investment in developing a world-class infrastructure in industrial areas, dedicated freight corridors and redevelopment of export zones,” opines Chawla.