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.
The govt has come up with an estimated total logistics cost for India, which will be made public by the end of Sept 2023, Sumita Dawra, Spl Secy in the Dept for Promotion of Industry and Internal Trade, said. This will help show a clear YoY comparison of how the NLP is helping reduce costs.