{"id":39652,"date":"2023-07-14T12:54:51","date_gmt":"2023-07-14T07:24:51","guid":{"rendered":"https:\/\/plyinsight.com\/?p=39652"},"modified":"2023-08-09T10:23:41","modified_gmt":"2023-08-09T04:53:41","slug":"the-role-of-logistics-in-the-dynamism-of-the-world","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/the-role-of-logistics-in-the-dynamism-of-the-world\/","title":{"rendered":"The role of logistics in the dynamism of the world"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"color: #000000;\">In the World Bank&#8217;s Logistics Performance Index 2023, India has improved its ranking by six positions, securing the 38th position out of 139 countries. Countries like Turkey, Saudi Arabia, and Portugal, which are relatively affluent nations, are also ranked at the same position. This is a significant positive development as it reduces the cost of doing business in the country. It will aid India&#8217;s exports and make it an attractive center for investment in various sectors, including manufacturing. China still remains far ahead at the 19th position. Malaysia is at the 26th position, while Thailand is at the 34th position.<\/span><\/p>\n<p><span style=\"color: #000000;\">Excessive regulation is bad, but inadequate regulation is also detrimental. Any index that is based on the idea of improving weak regulation inherently has flaws in its design.<\/span><\/p>\n<p><span style=\"color: #000000;\">The logistics performance index is based on six components: customs efficiency, quality of trade and transport infrastructure, ease of arranging shipments, logistics services quality and competence, tracking and tracing of goods, and timeliness. It also reflects an important aspect of business facilitation. India&#8217;s position in the logistics performance index has changed over time. It was at the 47th position in 2010.<\/span><\/p>\n<p><span style=\"color: #000000;\">Moving forward, India not only needs to maintain its performance but also make improvements, as our competitors are striving for progress. For example, the Philippines improved its position from 60th to 18th. It has better performance in terms of timeliness compared to India.<\/span><\/p>\n<p><span style=\"color: #000000;\">In addition to logistics performance, we also need to pay attention to the cost of fuel, electricity, and transportation. While electricity prices are low for consumers, they are higher for producers compared to other competitors. There is also a need to review the freight charges of the Indian Railways as it is often subsidized through cross-subsidization with passenger fares. The freight charges of Indian Railways are among the highest in the world, second only to Japan.<\/span><\/p>\n<p><span style=\"color: #000000;\">India is progressing rapidly, and the government&#8217;s focus on logistics improvement is yielding positive results. However, this is a battle that requires continuous and strategic efforts.<strong> Logistics is not an expense but an investment. Such improvements form the foundation for sustained economic growth and development.<\/strong><\/span><\/p>\n<hr \/>\n<p><a href=\"https:\/\/plyinsight.com\/hi\/placement-wanted\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-34611\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-300x63.jpg\" alt=\"\" width=\"786\" height=\"165\" srcset=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-300x63.jpg 300w, https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-768x162.jpg 768w, https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-18x4.jpg 18w, https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-600x127.jpg 600w, https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted.jpg 1433w\" sizes=\"auto, (max-width: 786px) 100vw, 786px\" \/><\/a><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span 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\u092c\u095d \u0930\u0939\u093e \u0939\u0948 \u0914\u0930 \u0938\u0930\u0915\u093e\u0930 \u0932\u0949\u091c\u093f\u200b\u0938\u094d\u091f\u093f\u0915\u094d\u0938 \u092e\u0947\u0902 \u0938\u0941\u0927\u093e\u0930 \u092a\u0930 \u091c\u094b \u0927\u094d\u092f\u093e\u0928 \u0915\u0947\u0902\u0926\u094d\u0930\u093f\u0924 \u0915\u0930 \u0930\u0939\u0940 \u0939\u0948 \u0909\u0938\u0915\u0947 \u092d\u0940 \u0932\u093e\u092d \u0938\u093e\u092e\u0928\u0947 \u0906 \u0930\u0939\u0947 \u0939\u0948\u0902 \u0932\u0947\u0915\u093f\u0928 \u092f\u0939 \u090f\u0915<strong> \u0910\u0938\u0940 \u0932\u095c\u093e\u0908 \u0939\u0948 \u091c\u093f\u0938\u0947 \u091a\u0924\u0941\u0930\u093e\u0908\u092a\u0942\u0930\u094d\u0935\u0915 \u0914\u0930 \u0932\u0917\u093e\u0924\u093e\u0930 \u0932\u095c\u0928\u093e \u0939\u094b\u0917\u093e\u0964 \u0932\u0949\u091c\u093f\u200b\u0938\u094d\u091f\u093f\u0915\u094d\u0938 \u0935\u094d\u092f\u092f \u0928\u0939\u0940\u0902 \u092c\u200b\u0932\u094d\u0915\u093f \u090f\u0915 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src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/10\/Logos-2.png\" width=\"800\" height=\"600\" alt=\"Natural\" \/>\n <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/10\/Logos-2.png\" width=\"800\" height=\"600\" alt=\"Natural\" \/>\n  <\/marquee>\n<\/body>\n<\/html>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"In the World Bank's Logistics Performance Index 2023, India has improved its ranking by six positions, securing the 38th position out of 139 countries. Countries like Turkey, Saudi Arabia, and Portugal, which are relatively affluent nations, are also ranked at the same position. This is a significant positive development as it reduces the cost of [...]","protected":false},"author":1,"featured_media":39654,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4619],"tags":[1025,4744,359,358,1143,443,4730,295,1330,4152],"class_list":["post-39652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-july-articles-2023","tag-business","tag-competition","tag-export","tag-import","tag-india","tag-investment","tag-logistics","tag-tax","tag-transport","tag-transportation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The role of logistics in the dynamism of the world - PLY INSIGHT<\/title>\n<meta name=\"description\" content=\"India is progressing rapidly, and the government&#039;s focus on logistics improvement is yielding positive results\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/the-role-of-logistics-in-the-dynamism-of-the-world\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The role of logistics in the dynamism of the world - 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