India's logistics cost will be below 9 pc of GDP by April next year: Nitin Gadkari

Union Minister Nitin Gadkari announced that India's logistics cost is expected to drop to 9 per cent of GDP by April next year, which will likely boost exports. Current logistics costs are around 16 per cent, with NCAER estimating them between 7.8 and 8.9 per cent in 2021-22.