Reports and Indices

India reaches 38th Spot on World Bank’s Logistic Performance Index; PM Says it is encouraging trend

India has reached the 38th spot on World Bank’s Logistics Performance Index. In 2014, India was ranked 54th. It climbed 16 places from 2014 to 2022. Prime Minister Narendra Modi termed it an encouraging trend, powered by government reforms and focus on improving logistics infrastructure.

About the News:

• India has reached the 38th spot on World Bank’s Logistics Performance Index.
• It climbed 16 places from 2014 to 2022.
• The improved ranking will help in reducing the costs and making country’s businesses more competitive.

About Logistics Performance Index (LPI):

• It is released by World Bank.
• The LPI is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance.
• India has climbed six places on the World Bank’s Logistic Performance Index (LPI) 2023, now ranking 38^th in the 139 countries index. 
• It is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance.
• It measures the ease of establishing reliable supply chain connections and structural factors that make it possible, such as the quality of logistics services, trade and transport-related infrastructure, as well as border controls.

Practice Questions for Prelims

Q. Consider the following statements about Logistics Performance Index (LPI) and choose the correct option/options:
1. It is released by World Economic Forum.
2. India has climbed 16 places from 2014 to 2022.

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Ans. b

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