Transport and Logistics companies in India
Transport Industry in India
The Transport Industry is majorly classified into four segments:
3) Railways and
The Indian Transportation Industry is continually growing at a CAGR (Compound Annual Growth
Rate) of 15 percent, with over seven million goods vehicles moving around the country.
Transportation industry contributed roughly 6.3% of GDP and is majorly dominated by the road sector. The road network transports 64.5 percent of all goods in the country and 90 percent of India’s total passenger traffic uses road network to commute. The automobile industry in India is currently growing at a rate of 10.5%, with an annual production of over 4.6 million vehicles.
Indian Railways’ contributed US$ 27.71 billion to the economy in 2017-18. India was among the top 20 exporters of railways globally, as of 2017. India’s exports of railways have grown at a CAGR of 27.05 percent during 2010-2017 to US$ 303.29 million. Exports of railways in 2018* stood at US$ 278.05 million.
India is the world’s third-largest domestic and overall civil aviation market. As of 2018, India has 102 operational airports and 588 commercial aircraft in operation.
During FY18, cargo traffic at major ports in the country was reported at 679.36 million tones (MT).
Logistics Industry in India
Indian Logistics Industry is currently estimated to be worth US$ 160 billion.
The Indian logistics industry which provides employment to more than 22 million people has grown at a compound annual growth rate (CAGR) of 7.8 percent during the last five years. According to the Global Ranking of the World Bank’s 2016 Logistics Performance Index (LPI), India jumped to 35th rank in 2016 from 54th rank in 2014.
According to the Economic Survey 2017-18, the Indian Logistics market is expected to reach about USD 215 billion in 2020, growing at a CAGR of 10.5 percent.
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