Improved transportation cost can save huge money for India

transportation costs
improved transportation cost can save huge money for India says a new study/ source via - google search, business news.
improved transportation cost can save huge money:- India can save up to Rs 3.33 lakh crore if logistics costs are brought down to 9% from 14% of the country's gross domestic product, thereby making domestic goods more competitive in global markets, says a report.

According to the study, Make in India campaign will see investments connect the country to global production networks that would generate new business for logistics.

The government should create a uniform tax structure and do away with multiple checkpoints and documentation requirements which would lead to speedier delivery of cargo.

The study highlighted that passage of the Constitutional Amendment Bill related to Goods and Services Tax (GST) in Parliament will further improve the logistics sector's performance by bringing down distribution costs by up to 15%.

If the sector managed to get down the cost only by 5% from 14 to 9 there can be a great saving of money which can be utilized in many another way to make India progress faster.

The amount is huge and one must take quick action on how can these costs be reduced in the coming years ahead.
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