…We will have to further work to determine the actual logistics cost in India

New Delhi - India's logistics cost, pegged at 14 percent of the GDP for long, may have come down to around 10 percent, thanks to faster freight movement, reduced inter-state bottlenecks under GST, and significant improvements in infrastructure, Central Board of Indirect Taxes & Customs (CBIC) Chairman Sanjay Kumar Agarwal said on December 18.

“The logistics cost as a percentage of GDP cannot remain constant at 14 percent. Maybe, with some other calculations, I heard that . . .