India’s trade statistics have amplified exponentially in recent years. Despite ongoing global challenges, overall exports (including merchandise and services) are projected to exceed last year’s record, reaching an estimated US$776.68 billion in FY 2023-24, compared to US$776.40 billion in FY 2022-23.
To make Indian exports globally more competitive, India also recently released National Logistics Policy, which provides for seamless integration of multiple modes of transportation by leveraging technology, processes, and skilled manpower. The policy, which is in line with PM GatiShakti National Master Plan, will give a massive boost to India’s US$200 billion logistics sector, thereby enabling smooth movement of goods both domestically and internationally.
