Logistics is essentially the backbone of any economy. The three major sectors, namely agriculture, manufacturing and service industry are all heavily dependent on transportation. Although it has an estimated worth of USD 160 billion, the Indian logistics industry is still in its inceptive stage.
In developing countries like India, the face of development in this industry is quite different from that of the developed countries. It had been unorganised and fragmented for a very long time, but the scenario has swiftly changed in the past decade. Currently, the logistics sector is attracting a lot of investment, given to its significant growth in the last couple of years.