Seeking 'accuracy': Govt to come up with fresh logistics cost estimate soon

The Centre is in the process of reaching a more “accurate” estimate of the cost of logistics (as a percentage of gross domestic product) by revising the methodology through which the cost is calculated. And, the new estimate may be lower than the current 14-16 per cent, Business Standard has learnt.

“The task force constituted for this is likely to come up with a fresh estimate in around two months. Initial indications suggest that it is likely to be lower than the current estimate,” a senior planning official of the Centre said.

Since there is no globally accepted framework for logistics cost