India's logistics boom massive job creation anticipated.

Fueled by government initiatives like the Production-Linked Incentive (PLI) scheme and evolving consumption patterns driven by rising incomes and innovative models like Third-Party Logistics (3PL), India's logistics sector is poised for substantial expansion. TeamLease Services, a leading staffing company, predicts this growth will generate around 10 million jobs by 2027, thanks to a 12% Compound Annual Growth Rate (CAGR) in the sector. The shift from an unorganised to an organised sector further accelerates this momentum, driving industry expansion. Various job profiles within logistics, including Supply Chain Managers, Logistics Specialists, Distribution Managers, and Warehousing Managers, are witnessing increased demand as the sector evolves to meet growing needs. Balasubramanian A, Vice President & Business Head at TeamLease Services, emphasised, India's logistics sector is on the cusp of creating approximately 10 million new job opportunities in the next five years. This surge is attributed to increased production and consumption, accompanied by economic dynamics such as rising incomes, lower inflation, and rural demand. The surge in job creation will also transform skill requirements in the industry. As logistics hubs adopt advanced technologies, automation, Artificial Intelligence (AI), and Machine Learning (ML) play pivotal roles in demand forecasting and supply chain planning. Balasubramanian noted, This shift toward automation and technology necessitates a skilled workforce. As technology integration increases, workforce productivity will rise, even as the flow of goods grows. Beyond major cities, smaller cities like Indore, Guwahati, Nagpur, Jaipur, Vadodara, and Lucknow are expected to become significant job hubs. India's rise to the 38th spot out of 139 countries on the Logistics Performance Index underscores its growing global logistics prominence. With projections indicating India could reach a staggering USD 26 trillion economy by FY 2048, the logistics industry plays a pivotal role in the nation's thriving economy, marking a new era of dynamic growth and transformation.