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

Battle over cattle, Delhi govt schools lead the way and, why we must return to Gandhi & Tagore

On May 23 this year, the ministry of environment issued ‘Rules on prevention of cruelty to animals (regulation of livestock market)’ with the purported aim of regulating animal markets. When one reads the rules – notwithstanding the lame efforts from union ministers to issue clarificati

BEML unveils 9 MW capacity windmill park

  BEML, a mini ratna category-1 enterprise of the defence ministry, has set a target of using 100 percent renewable energy for its own consumption.   In this connection, BEML’s 9 MW Windmill Park installed at Bagalkot District in Karnataka was recently

BHEL registers increase in intellectual capital

  Bharat Heavy Electricals Limited (BHEL), a Maharatna enterprise, has recorded nearly 14 percent growth in its intellectual capital in 2016-17 fiscal. During the year, a record 508 patents and copyrights were filed by the company, translating into filing of nearly two patents/copyrights

NALCO partners with CII, Odisha for outreach programmes on GST

  National Aluminium Company Limited (NALCO) has joined hands with the Confederation of Indian Industries (CII), Odisha, to organise outreach programmes for industries and other stakeholders on GST implementation.   Series of interactive programmes are being

EPFO inks MoU with HUDCO for Housing for All by 2022

  Taking prime minister Narendra Modi’s vision of ‘Housing for all by 2022’ forward, Employees` Provident Fund Organisation (EPFO) has amended the EPF Scheme, 1952 to provide assistance in acquiring affordable houses to the EPF members by allowing withdrawal from PF to

IndianOil LPG import terminal to reduce refill backlog in Kerala

IndianOil is currently transporting bulk LPG from Mangalore to various LPG bottling plants in north Kerala through about 100 bullet trucks every day, which ply on narrow highways. A pipeline connecting the proposed LPG import terminal to Kochi Refineries Limited and the LPG bottling plants at Udayamperoo



Video

पाकिस्तानी सेना कैमरे में कैद करना चाहती थी ये हमला

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter