economics medium True/False

The 'National Logistics Policy' (NLP) launched in 2022 aims to reduce India's logistics costs, which are currently estimated to be around 13-14% of GDP, to single digits, making Indian goods globally competitive.

  1. True
  2. False

Answer: True

High logistics costs (driven by fragmented transport networks, complex regulatory check-posts, and poor warehousing) make Indian exports uncompetitive globally. The NLP, complemented by the PM Gati Shakti National Master Plan, seeks to create a trusted, seamless, and cost-efficient logistics ecosystem through digitization (like the Unified Logistics Interface Platform) and multi-modal connectivity, targeting a reduction in costs to match developed nations.

Topic Indian Economy - Infrastructure
Exam Relevance UPSC Prelims, SSC CGL
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