Home » Commerce and Industry » Contribution of logistics sector in overall GDP

Contribution of logistics sector in overall GDP

Contribution of logistics sector in overall GDP is not compiled at present.  However, sector-wise Gross Value Added (GAV) for the last three years is given below:

(Value in Rs Crore)

 

S.No.

 

Sector

At current prices
2018-19

(3rd RE)

2019-20

(2nd RE)

2020-21

(1st RE)

1 Railways 1,23,596 1,35,477 1,36,807
2 Road Transport 5,36,552 5,65,438 4,47,164
3 Water Transport 13,059 13,350 13,418
4 Air Transport 12,730 22,508 10,323
5 Services incidental to transport 1,03,341 1,03,301 98,710
6 Storage 18,597 19,513 19,628
7 Total GVA 1,71,75,128 1,83,55,109 1,80,57,810

(source: National Accounts Division, M/o Statistics and Programme Implementation)

(RE:  Revised Estimates)

Government has approved PM Gati Shakti National Master Plan for providing multimodal connectivity to economic zones. It depicts the economic zones and the infrastructure linkages required to support them with an objective to holistically integrate all the multimodal infrastructural projects and remove infrastructural gaps for seamless movement of people and goods. PM Gati Shakti is a transformative approach for economic growth and sustainable development. The approach encompasses development of infrastructure for economic transformation, seamless multimodal connectivity and logistics efficiency. World class modern infrastructure and logistics synergy are expected to help raise productivity and accelerate economic growth & development. Physical linkages so created are expected to promote comprehensive and integrated national network of transportation and logistics, create efficiency gains and avenues for further development, value addition and employment opportunities. Any state Government/Central Ministry/Private Sector, before planning an investment, can know beforehand the status of current multi-modal connectivity for making informed decision.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri Som Parkash, in a written reply in the Lok Sabha today.

About Indianindustry Media

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Combined Index of Eight Core Industries increases by 6.7% (provisional) in Feb 2024 as compared to Index of Feb 2023

The combined Index of Eight Core Industries (ICI) increased by 6.7per cent (provisional) in February 2024 ...

Highest monthly merchandise exports, in the current FY so far, recorded in February 2024. India’s merchandise exports in February 2024 stands at USD 41.40 Billion; an increase of 11.86% over USD 37.01 Billion in February 2023

India’s overall exports (Merchandise and Services combined) in February 2024* is estimated to be USD ...

Index Numbers of Wholesale Price in India for the Month of February, 2024 (Base Year: 2011-12)

The annual rate of inflation based on all India Wholesale Price Index (WPI) number is ...

Government of India notifies extension of Remission of Duties and Taxes on Exported Products support to Advance Authorisation Holders, Export Oriented Units and Special Economic Zones Units

Union Minister of Commerce & Industry, Consumer Affairs, Food and Public Distribution, and Textiles, Shri ...

Financial assistance under ‘Tea Development & Promotion Scheme’ increases by 82% from Rs. 290.81 crores to Rs.528.97 crore for 2024-25 and 2025-26

The financial assistance for the Tea sector under the ‘Tea Development & Promotion Scheme’ has ...

Cabinet approves Uttar Poorva Transformative Industrialization Scheme, 2024

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the proposal of the Ministry of ...

Coal Sector Achieves Impressive 10.6 % Growth in December Among Eight Core Industries

The coal sector has showcased highest growth of 10.6 % (provisional) among the eight core ...

DPIIT notifies Quality Control Orders for ‘Potable water bottles’ and ‘Flame-Producing Lighter’

Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry has ...

‘Intense momentum marks the opening day of Startup20’s third meeting in Goa Over 250 International, National delegates participate on Day One

The Startup20 Engagement Group of the G20 kicked off its third meeting, the Goa Sankalpana, ...

22 Nuclear Power Reactors operational in the country

India’s Nuclear Power capacity witnessed a quantum jump after 2014, when Narendra Modi took over ...

WP2Social Auto Publish Powered By : XYZScripts.com