For the last two years or so global trade logistics performance slowed down because of many reasons like global recession, uncertainty over euro zone etc, but India along with a few other countries which pursued quite aggressive economic reforms continued to improve drastically, according to the World Bank.
India’s
Logistics Performance Indicators (LPI) score of 3.08 was eventually ranked 46th
in the latest survey of World Bank on trade logistics, while Singapore topped
the list, as the top performer among the 155 economies included in the
report, with a score of 4.12.
Countries
like India, Chile, China, Morocco, South Africa, Turkey, and the US all
improved their own previous performance. It is a very good sign for India to
improve the score quite regularly for the last few years.
According
to the latest LPI report, high income economies dominate the top logistics
rankings, while the economies with worst performance are least developed
countries that are also often landlocked, small islands, or post-conflict
states.
In the
category of upper-middle income, top performers are South Africa, China and
Turkey, while in the lower-middle category, India, Morocco and the Philippines
have above average performance improvements.
According
to the Mona Haddad, Sector Manager of the World Bank’s international trade department,
infrastructure is the chief driver of progress in top performers, which is
followed by factors like improvements in logistics service, and customs and
border management.
All the
top performers show a strong cooperation between the public and private
sectors, and a very comprehensive approach in the development of services,
infrastructure and efficient logistics.
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