Logistics growth to help India turn key global player: Grant Thornton - Fibre2fashion.com

The growth of India's logistics sector is predicted to support the country's aim to become a major player in the global economy. To achieve this, India must increase production capacity, improve infrastructure efficiency, and address both domestic and global demands. The manufacturing sector, which contributes 17% to GDP, is anticipated to have a significant role in this growth. However, this rise in production will also place strain on logistics infrastructure, requiring enhanced efficiency and availability. India's logistics sector is currently growing at a steady 10-12% YoY and contributes 14.4% to GDP. The warehousing storage sector is growing even faster, with a projected annual growth rate of 15.64% and a market size of $35 billion by 2027. This favorable global demand outlook presents an opportunity for Indian businesses to improve supply-side indicators and compete on a global scale.

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