Nov 8 2017 | India Opportunities

Logistics sector to grow at 9-10 per cent: ICRA

As per rating agency ICRA report, Indian logistics sector is likely to grow 9-10% per year over the medium term. The rating agency is hopeful about the logistics industry growth as it is likely to benefit from economic recovery and revival in industrial output. The supply side factors like improvement in logistics infrastructure and emergence of logistics startups would offer further impetus to growth of the logistics sector. The findings is based on ICRA's analysis of the Q1 FY2018 performance of key listed logistics companies, whose revenue growth at 6.2 per cent (on Y-o-Y basis) outpaced the real GDP growth.