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India's $5 Trillion Economy Ambition Hinges on Logistics
06 Sep 2023 CW Team
India's ambitious goal of achieving a $5 trillion economy relies heavily on the optimization of its logistics sector. This sector plays a pivotal role in facilitating the efficient movement of goods, reducing costs, and enhancing economic growth. Key drivers in this endeavour include the enhancement of transport infrastructure, modernisation of ports, and streamlining supply chains.
Improving last-mile connectivity and bolstering multimodal transportation are critical aspects of this strategy. Investment in digital technologies and automation is also imperative to increase efficiency and reduce bottlenecks. The government's "Make in India" initiative further underscores the importance of a robust logistics ecosystem.
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