What is the India's ranking in the latest World Bank Logistics Performance Index of 139 countries ?

Correct option is C

The correct answer is (C) 38

Explanation:

India was ranked 38th out of 139 countries in the World Bank’s Logistics Performance Index (LPI) 2023. This marks a significant improvement in India’s global logistics standing, showcasing the country’s enhanced infrastructure, customs processes, and overall supply chain efficiency. The LPI is a benchmarking tool created by the World Bank to help countries identify the challenges and opportunities they face in trade logistics.

Information Booster:

•  The World Bank LPI 2023 measures countries across six key indicators: customs, infrastructure, international shipments, logistics competence, tracking & tracing, and timeliness.
•  India jumped from 44th rank in 2018 to 38th rank in 2023.
•  India’s digital initiatives, such as ULIP (Unified Logistics Interface Platform) and FASTag, have improved logistics efficiency.
•  The PM Gati Shakti National Master Plan and National Logistics Policy 2022 contributed to this improvement.
•  India scored especially well in timeliness and tracking & tracing indicators.
•  The index helps investors, policymakers, and businesses assess a country’s logistics environment.
•  The top-ranking countries include Singapore, Finland, and Denmark.