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As per the Economic Survey, Which industry of India is a sunshine sector, currently estimated to be around US$ 160 billion?
Service
Steel
Logistics
Diamond
The logistics industry of India is a sunshine sector, currently estimated to be around US$ 160 billion and shortly expected to touch US$ 215 billion. According to World Bank’s Logistics Performance Index, India ranks 44th in 2018 globally, up from 54th rank in 2014. Driving down logistics cost from estimated current levels of 13-14 per cent of GDP to 10 per cent in line with global standards is the next step forward Fast-tag, Bharatmala, Sagarmala and Dedicated Freight Corridors will be a huge boost.
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