The Interim Budget 2024 reinforces the government’s commitment towards boosting the logistics infrastructure in India. Infrastructure development, a primary focus of India, will play a pivotal role in achieving India’s aspiration of reaching a $7 trillion economy by 2030. The announcement of the three important economic railway corridors for energy, mineral, and cement, coupled with increased port connectivity and high traffic density under the PM Gati Shakti Yojana has the potential to improve logistics efficiency and facilitate multi-modal connectivity. This will serve a long way towards the government’s goal of reducing India’s logistics costs to that of global standards and enabling logistics industry to become a key contributor towards India’s overall GDP growth.

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