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 LPI | Description |
| Purpose | Benchmarking tool to help countries identify challenges and opportunities they face in their performance on trade logistics |
| Created By | World Bank |
| Duration | It comes out every two years (from 2010 to 2018); however, after the COVID-19 break, the report has been released now in 2023 |
| Dimensions | 6 (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 2023 | Singapore and Finland |
| Reasons for improvement in India’s performance | Investments 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 initiatives | Logistics Ease Across Different States (LEADS) Report and LEADS Index |
