Research shows that average logistics costs in India is around 13-14% of GDP. This is higher as compared to other developed countries where the cost is 8-9% of GDP. Major domestic freight movement in India is through roads and a bulk of this is inter-state movement. read more
Hence, it is apt to say that GST would be beneficial for the logistics industry and might reduce the operational hassles and reduce the logistics costs borne by the industry. GST Edge is a fin tech organization, providing one stop solution to all your GST problems. read more
Indian Logistics Industry is expected to grow at a CAGR of 8.6 percent between 2015 and 2020, which grew at a CAGR of 9.7 percent during 2010-2015. Transportation and Communication accounted for 7.0 percent of the nation's GDP in 2015, accounting for around US $130.44 billion. read more