ICRA forecasts growth for logistics sector in FY2022

The Indian road logistics sector may witness healthy growth in FY2022 supported by demand recovery and improved business activities, said ICRA in a statement. This forecast is ably supported by the favourable scenario presented in recent times wherein most players reported strong growth in freight volumes in the second quarter of FY22. The momentum may continue in the third quarter too. Demand recovery and improved business activities from Q2 FY22 led to better asset utilization. Demand for e-Commerce, FMCG, retail, chemicals, pharmaceuticals, post GST and e-Way bill implementation will keep the growth steady, it said.