India’s standing improves in World Bank’s logistics performance index

The lower-middle-income group continues to be led by large economies such as India

GN Bureau | June 30, 2016


#global economy   #lower-middle-income   #logistics performance index   #India   #World Bank   #economy   #high-income-economies  
India’s standing improves in World Bank’s logistics performance index
India’s standing improves in World Bank’s logistics performance index

India now ranks 35 in the World Bank’s logistics performance index, in which Germany is right at the top and Luxembourg a close second. Sweden occupies the third spot.

The report, which released on Tuesday, states that among the top 30 performing countries, 22 are members of the Organisation for Economic Co-operation and Development (OECD), and this has almost remained unchanged since the 2014 report.
“Nonetheless, countries can still outperform their income group peers despite the performance gap. This is why income alone cannot explain why performance varies widely among countries in certain income groups. The list of countries over-performing their income group peers includes Kenya, Rwanda, and Uganda, but also China and India,” it said.

The report – Connecting to Compete: 2016 Trade Logistics in the Global Economy – said that once more, high-income economies solidified their past performance by occupying the top 10 positions of the ranking in 2016.
“In fact, the composition of the top 15 on the list of best performing countries has only changed marginally since 2014 and even 2010. This is not surprising. These countries have been traditionally recognized as dominant players in the supply chain industry, with a global footprint in transportation and logistics services provision.”

The report went on to say that the lower-middle-income group “continues to be led by large economies such as India and Indonesia and emerging economies such as Kenya and Vietnam”.

Logistics performance captures more than income, as observed since the first LPI report in 2007. International supply chains are organized across groups of regional trading countries. Provisions for services and trade facilitation initiatives are designed and implemented regionally. Reflecting on these mechanisms, the LPI data show that performance is quite consistent within integrated sub-regions, it said.

“In South Asia, lack of integration means that the good logistics performance of India does not improve that of its neighbors. Meanwhile, East Asian economies have performed consistently well across LPI editions.”

READ FULL REPORT
 

Comments

 

Other News

Maharshtra braces to face Cyclone Nisarga

 Even as Mumbai fights challenges posed by COVID-19 on multiple fronts and as the  coronavirus cases continue to rise daily, the city now faces a double whammy with the cyclone ‘Nisarga’ slated to make the landfall in Maharashtra Wednesday. A state-wide alert has been issued for Mumba

Harnessing the demographic capital: how effective are skilling programmes?

Probing data concerning increased job creation and the decline in unemployment has been holding the attention of economists and been subject of discussions in several think tanks in the preceding months. The NITI Aayog reports that 3.53 million new jobs were created between September 2017 and February 2018

It`s time to Unlock now, with economic focus

With Lockdown 4 ending Sunday, the home ministry has issued new guidelines to fight COVID-19 and for phased re-opening of areas outside the Containment Zones. The guidelines, issued based on extensive consultations held with states and UTs, will be effective from June 1 till June 30. The first phase of reo

Small kitchen gardens turn saviours for Gujarat tribal families

When the whole world is fighting COVID-19, food and nutrition security has become a major issue. The pandemic has aggravated the existing food crisis in India, especially in rural and tribal regions. There has been less availability of fresh foods in most parts of the country, and the tribal community has

India will set example of post-Covid-19 economic revival: Modi

India is determined to “set an example” for the rest of the word in the post-pandemic economic revival, prime minister Narendra Modi has said, underling the need to become self-reliant. “There is also a widespread debate on how the economies of various countries, including

3,543 ‘Shramik Special’ trains transport 48 lakh people in 26 days

Close to 48 lakh migrant labourers have been able to reach home from the cities they were working in, as the Indian Railways have run a total of 3,543 “Sharmik Special” trains from May 1. Following the home ministry order regarding the movement by special trains of migrant worker



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter