India e-logistics industry set to touch $9 billion

India’s e-logistics sector has become one of the largest and fastest growing logistics markets globally and is all set to reach the $9 billion industry, with a compound annual growth rate of 35 per cent, a report showed on Monday.

The number of e-commerce logistics shipments is expected to grow by four times in the next five years.

“Thanks to new-age tech enabled players who have entered India’s logistics arena, it is now easier for small- and medium-sized businesses to transport goods, and there is a drastic increase in the speed and efficiency in which parcels are delivered,” says the report by Bengaluru-based Redseer Strategy Consultants.