A Contemporary on Recent Development Activities and Challenges in Logistics Sector in India

Abstract

Due to the emergence of the internet and wireless technology, all sectors in the world are developed in a rapid manner. Hence, the Logistics sector in India is also developed in a great phase. In recent years, the Government of India has spent more investments to develop the logistics sector, which gained more important and better contribution to the Indian economy in global. Logistics sector in India plays an important role by contributing nearly 8%of GDP to the Indian economy. Supply chain management is the process of sending the goods from the point of origin to the point of destination i.e., customer. Logistics plays an important role and an integral part of the supply chain management in handling the movement of goods. In this paper, we are trying to highlight the Government initiative and investment made in the logistics sector in India during recent years. And also, we are trying to outline some of the challenges are faced in the logistics sector in India. The entire paper is studied from the secondary source of data and we are tried to highlight the key issues, job opportunities, GDP growth and ranking among the world which is happened in logistics sector in recent years. Recently, the Government of India initiatives like Make in India, Skill India, Digital India, etc., will help to fillip the growth of logistics sector in India. Since, India is having the advantage of enormous population and thereby creating a new buddy entrepreneur among the youngsters.