As announced in the interim budget, India has emerged as the fastest highway developer in the entire world, by building 27 KMs of highway each day. This has served as a huge boost to the logistics sector, especially the express delivery segment. We further expect the government to continue with the aspirational work of developing India’s infrastructure. In addition, we believe that the export logistics will also improve, as the government has abolished customs duties on 36 capital goods, while also introducing full and comprehensive digitalisation of export and import transactions and leveraging RFID technology.
