Size of third party logistics market in India FY 2020-2025
In financial year 2020, the size of India's third-party logistics market was around 580 billion Indian rupees. It was estimated that this market would grow to 1.2 trillion rupees in 2025, with a compound annual growth rate of around 16 to 18 percent. India has a higher logistics cost as a percentage of GDP at 14 percent, in comparison with BRICS average of 11 percent.