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World Bank's Logistics Performance Index (LPI)
UPSC Daily Current Affairs
Sep 18, 2023
World Bank and its Logistics Performance Index (LPI)
Logistics Performance Index (LPI):
Definition:
The LPI is an international benchmarking tool by the World Bank to assess and rank the logistics performance of countries.
Purpose:
Evaluates a country's efficiency in moving goods and connecting suppliers and consumers.
Publication:
The World Bank periodically releases the LPI report to provide insights into the global logistics landscape.
Parameters for Ranking (6):
Customs:
Efficiency and transparency in customs clearance processes.
Infrastructure:
Quality and adequacy of transport infrastructure.
Internal Shipment:
Ease of arranging shipments and quality of domestic logistics services.
Logistics Competence:
Skills and quality of logistics services.
Tracking and Tracing:
Availability and reliability of tracking services.
Timeliness:
Punctuality of shipments and delivery times.
India's Rank (2023):
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