India’s logistics costs have been estimated at 7.97% of the economic output by the Department for Promotion of Industry and Internal Trade (DPIIT), which compares favourably to the more advanced economies like US, Japan, Korea and Europe. The 7.97% logistics costs for 2023-24 is the first official estimate based on an extensive study that involved collection of data from varied sources and interviews of the companies involved in the business – both users and service providers.