The recently released 10th annual Agility Emerging Markets Logistics Index has called India “the emerging market with the greatest potential.” The reported slowdown in China’s economy has made India the hot favourite among the global logistics industry executives.
Meanwhile, China has retained its numero uno position in the annual 50 country ranking list with India breathing down its neck at number two position. The other prominent countries occupying top slots in the list include United Arab Emirates, Indonesia, Malaysia, Saudi Arabia, Mexico, Qatar, Turkey and Vietnam.
Judging competitiveness on various parameters by eliciting response from logistics providers, freight forwarders, shipping lines, air cargo carriers and distributors, China, India and Indonesia have been ranked as top three countries for domestic logistics. China, India and Mexico are top three in the international logistics category.
“The logistics industry’s optimism is based on what India has accomplished — the Goods and Services Tax and other reforms — and on what can still be done to create economic growth and prosperity,” says Andy Vargoczky, SVP Sales & Marketing Asia-Pacific for Agility Global Integrated Logistics. “China still generates excitement, but its economy is slowing, and there is uncertainty about the future of its trade relationship with the U.S.”