Recently seen in the news, the Logistics Ease Across Different States ...
Ministry of Commerce and Industry releases LEADS index
The Logistics Ease Across Different States (LEADS) index was recently in the news, and it is released by the Ministry of Commerce and Industry. This index is a tool that evaluates the efficiency of logistics in states across India.
Significance of LEADS index
- The LEADS index is important for assessing the performance of various states in terms of logistics infrastructure, policies, and regulations.
- It helps in identifying areas that need improvement to enhance the overall logistics ecosystem in the country.
- The index also helps in promoting healthy competition among states to improve their logistics efficiency.
Parameters considered in LEADS index
- The LEADS index takes into account various parameters such as infrastructure, services, regulatory environment, and institutional support for logistics.
- It also considers factors like ease of doing business, connectivity, efficiency of clearance processes, and overall competitiveness.
Role of Ministry of Commerce and Industry
- The Ministry of Commerce and Industry plays a crucial role in releasing the LEADS index as part of its efforts to boost the logistics sector in India.
- By evaluating and benchmarking states on logistics performance, the ministry aims to facilitate trade and economic growth.
Conclusion
The LEADS index by the Ministry of Commerce and Industry is a significant initiative to improve logistics efficiency in India. It provides valuable insights for policymakers, businesses, and other stakeholders to work towards enhancing the logistics ecosystem in the country.
Recently seen in the news, the Logistics Ease Across Different States ...
- Recently, Gujarat, Haryana and Punjab emerged as top performers in LEADS 2021.
- The Ministry of Commerce and Industry (MoCI) had launched a study, “Logistics Ease Across Different States (LEADS)” in 2018 with the main objective of ranking States and UTs on the efficiency of their logistics ecosystem. Hence option (b) is the correct answer.
- The first version of the report, LEADS 2018, focused on export-import trade and assessed the efficiency of the logistics ecosystem in each State and Union Territory.
- The second edition of the study – LEADS 2019, covered both international and domestic trade.
- The LEADS 2021 exercise has gone one step ahead in analysing the domestic and EXIM logistics ecosystem of the state. Specifically, two improvements have been done in the overall assessment framework.
- Gujarat topped the logistics index chart in 2021, a marker of the efficiency of logistical services necessary for promoting exports and economic growth. This is the third year in a row that the state remained on top of the rankings.
- Hence option (b) is the correct answer.