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World Bank’s Logistic Performance Index 2023

Facts for Prelims (FFP)

Source: TH

 

Context: India has climbed six places in the World Bank’s Logistic Performance Index (LPI) 2023, now ranking 38th out of 139 countries (from 44 in 2018)

About LPIDescription
PurposeBenchmarking tool to help countries identify challenges and opportunities they face in their performance on trade logistics
Created ByWorld Bank
DurationIt comes out every two years (from 2010 to 2018); however, after the COVID-19 break, the report has been released now in 2023
Dimensions6 (Customs, Infrastructure, International Shipments, Logistics Competence and Quality, Tracking and Tracing, Timeliness). It ranks countries on a scale of 0 to 5, with 5 being the highest score.
Top countries in 2023Singapore and Finland
Reasons for improvement in India’s performanceInvestments in Soft Infrastructure: PM Gati Shakti Scheme; National Logistics Policy; Cargo Tracking, use of RFID

 

Investment in hard infrastructure e.g., trade-related infrastructure; reduction of delays in cargo tracking and dwell times, etc.,

 

Investment in Technology: Digitalisation; implementation of supply chain visibility platforms

Other initiativesLogistics Ease Across Different States (LEADS) Report and LEADS Index