The future of integrated warehousing and distribution.
When it comes to the Indian economy, it won’t be wrong to say that we are witnessing something of a renaissance in more ways than one. While it is estimated that the GDP of the country will reach somewhere around 3.5 trillion USD by the end of 2023, integrated warehousing and distribution stands to have a notable share in that. According to Mordor Intelligence, the Indian logistics and freight market stands at around 288.18 billion USD in 2023, and with an expected CAGR of 9.04%, it is expected to reach 484.43 billion USD. The essentiality of this sector in the overall economy can be understood by the fact that it contributes around 14.4% of the total value of domestic produce as of now, a number that is expected to rise further in the years to come.
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