The 2023 logistics survey was conducted among professionals in the sector by the World Bank between September and November 2022, by which time pandemic-related supply-chain disruptions had largely been eliminated. The ranking covered 139 countries.
Singapore topped the list with an overall LPI score of 4.3 out of 5, followed by rich European countries, Canada, and China’s special administrative region of Hong Kong, with their logistics performance index falling between 4 and 4.3, and 4.1 on average.
India had previously ranked 35th in 2014, but dropped to the 44th spot in 2018. However, logistics competence, quality, and timeliness were all areas where India performed well in the 2023 index. India’s weakest area was customs.
To ensure efficiency in the logistics sector, the Indian government launched the National Logistics Policy (NLP) in 2022. The country aims to raise its LPI score to be among the top 25 by 2030, with a current average score of 3.92 among these nations. The NLP also aims to lower logistics expenses, which account for 13-14% of the country’s GDP compared to only 8-10% in developed countries. Lowering these costs will improve India's global performance.
India’s rising ranking on the LPI is a testament to the country's efforts in improving its logistics infrastructure and technology. The NLP will also drive significant changes to ensure the logistics sector's efficiency and help India achieve its goals in the next decade.
