India’s logistics and warehousing industry’s revenue is expected to grow at a CAGR of 10.7% during 2015-2019. A report released by Ken Research entitled “India Logistics and Warehousing Industry Outlook to 2019 – Driven by E-commerce Logistics and Make in India initiative†provides a detailed blueprint for the logistics and warehousing market in the country along with its business model to help industry consultants, logistics and warehousing companies, and investors create market strategies coherent with the current and anticipated trends in the future.
India ranks 53rd across 115 countries with an efficient record of logistics system score of 3.08 out of 5. The report shows that major growth drivers are the following:Rapid Industrial Growth
Increasing Globalization
Government Initiatives Paving the Way
Streamlining Indirect Tax Structure
Dawn of Organized Retail
Favourable Demographics in India
