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As per the government’s ‘ballpark’ assessment, the logistics cost stood between 8.7-9.9% of GDP in 2011-12, which rose to 8.8-10% in 2012-13, and then fell below the maximum upper bound of 9.4% of GDP between 2014-15 till 2021-22
The government was earlier expected to announce the baseline estimate by October, but the process has been delayed due to the complexity involved in accurately coming out with an estimate.
An 18-member task force comprising officials from the government, think tanks, industry, and research organisations has worked over the last six months to arrive at the cost number. It is expected to be announced by September end.