Question
What is India's rank on the World Bank's Logistic
Performance Index as per the 2023 listing?Solution
·        India has climbed six places on the World Bank’s Logistic Performance Index (LPI) 2023, now ranking 38th in the 139 countries index, as a result of significant investments in both soft and hard infrastructure as well as technology. ·        India was ranked 44th on the index in 2018 and has now climbed to 38th in the 2023 listing. ·        India’s performance has drastically improved from 2014, when it was ranked 54th on the LPI. ·        According to the report, the average dwell time for containers between May and October 2022 was three days for India and Singapore, much better than some of the industrialised countries. The dwell time for the US was seven days and for Germany it was 10 days. About Logistic Performance Index The LPI is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance. Learn Along: World Bank   Headquarters: Washington, D.C., US       President: David Malpass
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