India’s natural coastline and vast river network give it a competitive edge in providing transportation and logistics services, both domestically and internationally. Transportation industry can be classified into ports and ports services, warehousing, transport – shipment services, e – logistics, inland waterways for freight and passengers, expressways and dedicated freight corridors. As a matter of fact, India’s logistics service sector itself is expected to grow from $ 115 billion to $ 360 billion by 2032.
Nevertheless, India should closely look into the development of the transportation industry. As we all know the potential and need for sustained large scale investment. Even though investments typically have a long gestation period. However, once the infrastructure is created, linkages to the rest of the economy provide significant multiplier effects.