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Centre makes India’s case to World Bank for Logistics Index ranking push

March 23, 2024
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NEW DELHI : With the World Bank looking to incorporate more data into its decision-making process for the International Logistics Performance Index (LPI), a key indicator of ease of trade, India has made its case for a better score to the multilateral financier citing several reforms.

India is currently ranked 38th (up from 44th earlier) in the LPI 2023, and it shares this rank with Portugal, Saudi Arabia, Turkey, and Lithuania. The Centre has previously expressed its dissatisfaction with the index’s methodology. Singapore topped the index in 2023.

“The World Bank is now utilising much more granular data and engaging in big data-oriented conversations with countries so that the upcoming index is more grounded in reality than subjectivity and perception, which formed a major part of the methodology,” a Government official aware of the developments said.

Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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