Mains Question:
Q1. How is the new logistics policy of India going to enhance the competitiveness of domestic goods in the international market? (150 words)
Question Mapping
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Approach
- Introduction- brief about the new policy
- List down key targets
- Reduce the cost of logistics to 8 percent by 2030
- Improve the country’s Logistics Performance Index (LPI) ranking
- Create data-driven decision support systems (DSS)
- strengthening the logistics sector
- Provide a brief account of India’s logistics sector (current)
- Estimation of logistics sector at 13-14 per cent of GDP
- Impact of the policy on competitiveness
- creating a single point of reference for all logistics and trade facilitation matters
- reducing costs for the logistics sector to 10 per cent in five years
- Conclude accordingly