Union Road Transport and Highway Minister Nitin Gadkari on Friday said that logistics cost, which is 16 per cent of GDP presently, will fall to single digits, by 2024.
“It is going to help us get more exports”, the Minister said, adding that now is the time to increase our business and presence in the international market.
The Minister further stated that before 2024 ends, India’s road infrastructure would be equal to the US standards. The Minister was addressing the annual convention and 95th AGM of FICCI.
Gadkari said that India is the fastest growing major economy in the world and is all set to achieve $5 trillion GDP by 2024-25.
