NEW DELHI
India’s logistics expenses are set to plummet to 9 percent of the GDP, fueled by a massive overhaul of the nation’s road infrastructure.
Union Minister Nitin Gadkari announced that recent improvements have already cut costs significantly, moving India closer to global standards seen in Europe and America.
Previously, India’s logistics costs stood at a high 16 percent, but research from top IITs confirms a recent drop to 10 percent. Gadkari attributed this shift to the development of 36 “green express highways” currently underway. These expressways are expected to revolutionize the movement of goods, making transport faster and cheaper for businesses nationwide.
The Minister also highlighted the booming automotive sector, which recently surpassed Japan to become the world’s third-largest. He noted that global giants like Mercedes are now choosing India as a manufacturing hub for electric vehicles. With the industry currently valued at ₹22 lakh crore, Gadkari remains confident that India will eventually lead the world by embracing innovation and biofuels.
Despite global trade disruptions and conflicts in West Asia, India’s engineering exports reached a record-breaking $122.43 billion in the last fiscal year. Gadkari urged exporters to shift toward electric trucks for moving goods to ports, emphasizing that sustainable practices are the key to long-term economic dominance. By combining better roads with alternative fuels, the government aims to crown India as the world’s top automotive and logistics powerhouse within five years.