Domestic logistics sector in India witnesses recovery: ICRA

19 Jul 2021 CW Team

Following a depressing period, the Indian economy is finally emerging in the domestic road logistics sector, with $95 billion in exports in the first quarter of FY22.

As per the Investment Information and Credit Rating Agency (ICRA) Ratings, the sector continued to rebound strongly, aided by industry recovery and improved freight availability.

The logistics sector was able to recoup some of its losses from the first half, ending the fiscal year with revenue growth of 4%, versus the 4% contraction predicted by ICRA, Srikumar Krishnamurthy, Vice President and co-head of ICRA told the media.

The Indian economy shrank by 7.3% in FY21 as a result of the first wave of the pandemic.

Due to the ease of lockdowns imposed during the second wave of the pandemic, growth projections for the current fiscal year have been lowered, falling below 10%.

Despite returning to pre-Covid levels, freight rates have remained stable due to rising fuel costs, according to Krishnamurthy.

He went on to say that the continued growth in E-way bill and freight volumes was a testament to the firming up of the performance of the sector in Q4 FY21.

In June, Indian exports totalled 32.5 billion dollars, with shipments during the quarter up 85% year on year and 18% from the same period in FY20.

According to an ICRA statement, the logistic sector grew by 9% sequentially in Q4 FY2021, owing to continued recovery across all sectors.

Toll collections on national highways increased by 21% in June, reaching Rs 2,576.28 crore, up from Rs 2,125.16 crore in May.

Throughout Q3 and Q4 FY21, the majority of logistics companies reported steady growth in freight volumes.

Similar trends were seen in rail freight traffic, with Y-o-Y growth of 13% and 11% in Q4 and Q3 FY21, respectively.

According to the statement, railways recorded their highest monthly freight volumes ever in March, surpassing previous highs set in January.

Image Source

Also read: Decoding the ‘Next Normal’ in Logistics

Following a depressing period, the Indian economy is finally emerging in the domestic road logistics sector, with $95 billion in exports in the first quarter of FY22. As per the Investment Information and Credit Rating Agency (ICRA) Ratings, the sector continued to rebound strongly, aided by industry recovery and improved freight availability. The logistics sector was able to recoup some of its losses from the first half, ending the fiscal year with revenue growth of 4%, versus the 4% contraction predicted by ICRA, Srikumar Krishnamurthy, Vice President and co-head of ICRA told the media. The Indian economy shrank by 7.3% in FY21 as a result of the first wave of the pandemic. Due to the ease of lockdowns imposed during the second wave of the pandemic, growth projections for the current fiscal year have been lowered, falling below 10%. Despite returning to pre-Covid levels, freight rates have remained stable due to rising fuel costs, according to Krishnamurthy. He went on to say that the continued growth in E-way bill and freight volumes was a testament to the firming up of the performance of the sector in Q4 FY21. In June, Indian exports totalled 32.5 billion dollars, with shipments during the quarter up 85% year on year and 18% from the same period in FY20. According to an ICRA statement, the logistic sector grew by 9% sequentially in Q4 FY2021, owing to continued recovery across all sectors. Toll collections on national highways increased by 21% in June, reaching Rs 2,576.28 crore, up from Rs 2,125.16 crore in May. Throughout Q3 and Q4 FY21, the majority of logistics companies reported steady growth in freight volumes. Similar trends were seen in rail freight traffic, with Y-o-Y growth of 13% and 11% in Q4 and Q3 FY21, respectively. According to the statement, railways recorded their highest monthly freight volumes ever in March, surpassing previous highs set in January. Image Source Also read: Decoding the ‘Next Normal’ in Logistics

Infrastructure Urban

04 Dec 2025

ISRO’s IMAT Success Boosts Readiness for Maiden Gaganyaan Mission

Union Minister of State for Science and Technology Dr Jitendra Singh informed Parliament that ISRO has achieved a key milestone in its preparations for India’s first human space mission with the successful completion of the Integrated Main Parachute Airdrop Test (IMAT). He said in the Lok Sabha that the test forms a central part of the qualification campaign for the Crew Module’s parachute-based deceleration system, one of the most vital elements in human-rating the mission.According to Dr. Jitendra Singh, the IMAT recreated one of the most demanding descent conditions by intentionally del..

Infrastructure Urban

04 Dec 2025

Gyanesh Kumar Takes Charge as Chair of International IDEA Council

Chief Election Commissioner of India Gyanesh Kumar has assumed the Chairship of the Council of Member States of the International Institute for Democracy and Electoral Assistance for 2026. The ceremony in Stockholm was also attended by India’s Ambassador to Sweden, Anurag Bhushan. India, a founding member of International IDEA, has long contributed to the organisation’s governance and global democratic dialogue, and the new Chairship signals broad recognition of the Election Commission of India as a trusted and innovative election management institution.During his visit, Kumar held discuss..

Infrastructure Energy

04 Dec 2025

Coal Mines Boost Local Growth and Support India’s Energy Self-reliance

The Magadh and Amrapali coal mines in Jharkhand are playing a pivotal role in strengthening India’s energy security, contributing nearly half of Central Coalfields Limited’s total coal production in 2024–25. Both mines support the broader goal of ensuring steady coal availability for the power sector under the vision of Aatmanirbhar Bharat. Magadh has estimated mineable reserves of 854.91 million tonnes, while Amrapali holds 456.34 million tonne. For FY 2025–26, the two are expected to generate net sales revenues of Rs 28.12 billion and Rs 23.67 billion respectively. Local development ..