LOGISTICS PERFORMANCE INDEX (LPI)
✓It is a 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. It is the weighted average of the country’s scores on key dimensions: quality of logistics services, track-and-trace consignments, timeliness of shipments in reaching the destination within the scheduled or expected delivery time and so on. This measure indicates the relative ease and efficiency with which products can be moved into and inside a country.
✓Logistics Performance Index is reported by World Bank every 2 years. The LPI is based on a worldwide survey of stakeholders on the ground providing MA L feedback on the logistics friendliness of the countries in which they operate and those with which they trade. In the 2016 logistics performance index, the top position is held by Germany. India had 35th position, a significant improvement from 2014.
