India being one of the fastest growing economies in the world has great potential for growth in every sector. Logistics sector is the backbone of development and a strong and growing logistics sector indicates a healthy trend of a growing economy. The Logistics sector in India has always been about resilience, adapting to new technologies and agility. With better inforastrtcture, Indian industry was able to plan its business operations in a more efficient manner, moving India closer towards becoming a manufacturing hub for the world.
According to a recent report by McKinsey Global Insitute (MGI), India's logistics sector would expand at a Compound Annual Growth Rate (CAGR) of more than 10 percent, from $200 billion in early 2020 to at least $320 billion in 2025. This subsequently changed in 2020 due to the pandemic and businesses came up with innovative solutions to plan for the future.
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