Union Minister for Road Transport & Highways, Mr. Nitin Gadkari, announced that India's logistics expenses are expected to decrease to single digits by December 2025, driven by the swift development of expressways and economic corridors. Referencing a report from IIT Chennai, IIT Kanpur, and IIM Bangalore, he observed that logistics expenses have decreased from 16% to 10% of GDP and are anticipated to fall to 9% by the end of the year, enhancing the competitiveness of Indian industry and exports. In the United States (US) and Europe, logistics expenses are approximately 12%, while in China, they range from 8% to 10%.
In the automotive industry, he emphasized India's expansion from Rs. 14 lakh crore (US$ 159 billion) to Rs. 22,00,000 crore (US$ 250 billion), aiming to be the leading global auto industry within five years. The industry presently employs 4,00,000 individuals and provides the largest Goods and Services Tax (GST) to both the Centre and the states. He also highlighted the importance of adopting clean energy, mentioning that India invests Rs. 22,00,000 crore (US$ 250 billion) each year on fossil fuel imports, leading to both economic and ecological strain. In farming, he referenced the bio-ethanol program, which raised corn prices from Rs. 1,200 (US$ 13.63) to INR. 2,800 (US$ 31.80) per quintal, resulting in extra Rs. 45,000 crore (US$ 5.11 billion) allocated for farmers in Bihar and Uttar Pradesh. He stressed the importance of innovation and technology in farming, while also emphasizing plans to address air pollution and utilize separated solid waste for road construction by 2027.
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