India 46th in global trade logistics performance
17 May 2012 3:21 AM GMT
Countries like India, China and the US, which pursued aggressive reforms, have improved their global trade logistics performance despite the slowdown in progress in the sector over the last two years amid the global recession, the World Bank has said.
India now ranks 46th in global trade logistics performance, whose top five slots are occupied by Singapore, Hong Kong, Finland, Germany and Netherlands in the list of 155 countries.
The United States is ranked ninth, while Japan occupies the eight spot.
Countries like Chile, China, India, Morocco, South Africa, Turkey and the US all improved their previous performance, the World Bank said, citing a study based on a comprehensive global survey of international freight forwarders and express carriers, as it released the 'Connecting to Compete 2012: Trade Logistics in the Global Economy' report.
'Trade logistics is key to economic competitiveness, growth and poverty reduction,' Otaviano Canuto, World Bank vice president for Poverty Reduction and Economic Management, said. 'Unfortunately, the logistics gap between rich and poor countries continues and the convergence trend experienced between 2007 and 2010 has stalled as events like the global recession, and the European crisis shifted attention away from logistics reform,' he said.
India now ranks 46th in global trade logistics performance, whose top five slots are occupied by Singapore, Hong Kong, Finland, Germany and Netherlands in the list of 155 countries.
The United States is ranked ninth, while Japan occupies the eight spot.
Countries like Chile, China, India, Morocco, South Africa, Turkey and the US all improved their previous performance, the World Bank said, citing a study based on a comprehensive global survey of international freight forwarders and express carriers, as it released the 'Connecting to Compete 2012: Trade Logistics in the Global Economy' report.
'Trade logistics is key to economic competitiveness, growth and poverty reduction,' Otaviano Canuto, World Bank vice president for Poverty Reduction and Economic Management, said. 'Unfortunately, the logistics gap between rich and poor countries continues and the convergence trend experienced between 2007 and 2010 has stalled as events like the global recession, and the European crisis shifted attention away from logistics reform,' he said.
Next Story
