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Economic Times
3 hours ago
- Business
- Economic Times
Express logistics and courier sector to touch USD 18-22 billion by FY30: Report
Agencies Representative image The express logistics and courier sector is expected to touch USD 18-22 billion by FY2029-30 from an estimated USD 9 billion in FY2024-25, supporting 6.5-7.5-million jobs, according to a report. The report also noted that the express industry has transformed from a logistics facilitator to an essential service provider, playing a critical role during the COVID-19 pandemic in supporting the world's largest vaccination drive and ensuring priority delivery of essential goods. The report "Express Industry in India 2025: Powering India's Economy, Connecting Businesses and Markets," commissioned by Express Industry Council of India (EICI) and KPMG has also identified five priority areas--agility and adaptability, efficiency improvements, customer centricity, a sustainable operating outlook and a robust policy and regulatory framework-- for unlocking future growth. It also calls for targeted policy measures, infrastructure expansion and technology adoption, supported by initiatives such as PM Gati Shakti, the National Logistics Policy and Bharatmala Pariyojna. Post-pandemic growth is being driven by high internet and smartphone penetration, exponential growth of e-commerce, the rise of MSME output and significant infrastructure expansion into tier II and III cities, said the report, released by Union Minister for Road Transport and Highways Nitin Gadkari along with senior government functionaries, industry leaders and other stakeholders at an event in New Delhi late Tuesday. The sector expanded from USD 3 billion in FY17 to USD 9 billion in FY25, recording a compound annual growth rate of 12 to 15 per cent. It is expected that the market will double to between USD 18 and 22 billion by FY30. By FY25, the express industry is expected to support between 2.8 and 3 million jobs, the report stated. Besides, it is estimated the sector will make a significant contribution to GST revenues of USD 1 to 1.5 billion and customs revenues of USD 650 million as well and act as a vital enabler for e-commerce, MSMEs and cross-border trade, it said. The domestic express accounts for about 70 per cent of the total market, valued at USD 6.3 to 6.5 billion, with surface express contributing the largest share. "The express industry has become a critical pillar of India's economy, connecting businesses and markets with speed and reliability. From supporting the world's largest vaccination drive to enabling e-commerce, MSMEs and exports, our sector has shown agility, resilience and innovation. Domestic express, which makes up around 70 per cent of the market, is led by surface transport growth, while international express is expanding rapidly with global demand for Made-in-India products," SAID Vijay Kumar, CEO, EICI. India's express logistics industry is undergoing rapid transformation to meet the growing demand for fast and reliable delivery solutions' not only through air, but also across road, rail, and coastal networks, said Girish Nair, Partner, Mobility and Logistics, National head- Aviation Sector, Global Lead-Airports, KPMG in India.
Time of India
6 hours ago
- Business
- Time of India
Express logistics and courier sector to touch USD 18-22 billion by FY30: Report
The express logistics and courier sector is expected to touch USD 18-22 billion by FY2029-30 from an estimated USD 9 billion in FY2024-25, supporting 6.5-7.5-million jobs, according to a report. The report also noted that the express industry has transformed from a logistics facilitator to an essential service provider, playing a critical role during the COVID-19 pandemic in supporting the world's largest vaccination drive and ensuring priority delivery of essential goods. The report "Express Industry in India 2025: Powering India's Economy, Connecting Businesses and Markets," commissioned by Express Industry Council of India (EICI) and KPMG has also identified five priority areas--agility and adaptability, efficiency improvements, customer centricity, a sustainable operating outlook and a robust policy and regulatory framework-- for unlocking future growth. It also calls for targeted policy measures, infrastructure expansion and technology adoption, supported by initiatives such as PM Gati Shakti , the National Logistics Policy and Bharatmala Pariyojna. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Need To Kill Time On Your Computer, This Popular Strategy Game Is A Must Forge Of Empires Play Now Undo Post-pandemic growth is being driven by high internet and smartphone penetration, exponential growth of e-commerce, the rise of MSME output and significant infrastructure expansion into tier II and III cities, said the report, released by Union Minister for Road Transport and Highways Nitin Gadkari along with senior government functionaries, industry leaders and other stakeholders at an event in New Delhi late Tuesday. The sector expanded from USD 3 billion in FY17 to USD 9 billion in FY25, recording a compound annual growth rate of 12 to 15 per cent. It is expected that the market will double to between USD 18 and 22 billion by FY30. By FY25, the express industry is expected to support between 2.8 and 3 million jobs, the report stated. Live Events Besides, it is estimated the sector will make a significant contribution to GST revenues of USD 1 to 1.5 billion and customs revenues of USD 650 million as well and act as a vital enabler for e-commerce, MSMEs and cross-border trade, it said. The domestic express accounts for about 70 per cent of the total market, valued at USD 6.3 to 6.5 billion, with surface express contributing the largest share. "The express industry has become a critical pillar of India's economy, connecting businesses and markets with speed and reliability. From supporting the world's largest vaccination drive to enabling e-commerce, MSMEs and exports, our sector has shown agility, resilience and innovation. Domestic express, which makes up around 70 per cent of the market, is led by surface transport growth, while international express is expanding rapidly with global demand for Made-in-India products," SAID Vijay Kumar, CEO, EICI. India's express logistics industry is undergoing rapid transformation to meet the growing demand for fast and reliable delivery solutions' not only through air, but also across road, rail, and coastal networks, said Girish Nair, Partner, Mobility and Logistics, National head- Aviation Sector, Global Lead-Airports, KPMG in India.
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Business Standard
6 hours ago
- Business
- Business Standard
Express logistics and courier sector to touch $18-22 bn by FY30: Report
The express logistics and courier sector is expected to touch $18-22 billion by FY2029-30 from an estimated $9 billion in FY2024-25, supporting 6.5-7.5-million jobs, according to a report. The report also noted that the express industry has transformed from a logistics facilitator to an essential service provider, playing a critical role during the COVID-19 pandemic in supporting the world's largest vaccination drive and ensuring priority delivery of essential goods. The report "Express Industry in India 2025: Powering India's Economy, Connecting Businesses and Markets," commissioned by Express Industry Council of India (EICI) and KPMG has also identified five priority areas--agility and adaptability, efficiency improvements, customer centricity, a sustainable operating outlook and a robust policy and regulatory framework-- for unlocking future growth. It also calls for targeted policy measures, infrastructure expansion and technology adoption, supported by initiatives such as PM Gati Shakti, the National Logistics Policy and Bharatmala Pariyojna. Post-pandemic growth is being driven by high internet and smartphone penetration, exponential growth of e-commerce, the rise of MSME output and significant infrastructure expansion into tier II and III cities, said the report, released by Union Minister for Road Transport and Highways Nitin Gadkari along with senior government functionaries, industry leaders and other stakeholders at an event in New Delhi late Tuesday. The sector expanded from $3 billion in FY17 to $9 billion in FY25, recording a compound annual growth rate of 12 to 15 per cent. It is expected that the market will double to between $18 and 22 billion by FY30. By FY25, the express industry is expected to support between 2.8 and 3 million jobs, the report stated. Besides, it is estimated the sector will make a significant contribution to GST revenues of $1 to 1.5 billion and customs revenues of $650 million as well and act as a vital enabler for e-commerce, MSMEs and cross-border trade, it said. The domestic express accounts for about 70 per cent of the total market, valued at $6.3 to 6.5 billion, with surface express contributing the largest share. "The express industry has become a critical pillar of India's economy, connecting businesses and markets with speed and reliability. From supporting the world's largest vaccination drive to enabling e-commerce, MSMEs and exports, our sector has shown agility, resilience and innovation. Domestic express, which makes up around 70 per cent of the market, is led by surface transport growth, while international express is expanding rapidly with global demand for Made-in-India products," SAID Vijay Kumar, CEO, EICI. India's express logistics industry is undergoing rapid transformation to meet the growing demand for fast and reliable delivery solutions' not only through air, but also across road, rail, and coastal networks, said Girish Nair, Partner, Mobility and Logistics, National head- Aviation Sector, Global Lead-Airports, KPMG in India. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
7 hours ago
- Business
- News18
Express logistics and courier sector to touch USD 18-22 billion by FY30: Report
Mumbai, Aug 20 (PTI) The express logistics and courier sector is expected to touch USD 18-22 billion by FY2029-30 from an estimated USD 9 billion in FY2024-25, supporting 6.5-7.5-million jobs, according to a report. The report also noted that the express industry has transformed from a logistics facilitator to an essential service provider, playing a critical role during the COVID-19 pandemic in supporting the world's largest vaccination drive and ensuring priority delivery of essential goods. The report 'Express Industry in India 2025: Powering India's Economy, Connecting Businesses and Markets," commissioned by Express Industry Council of India (EICI) and KPMG has also identified five priority areas–agility and adaptability, efficiency improvements, customer centricity, a sustainable operating outlook and a robust policy and regulatory framework– for unlocking future growth. It also calls for targeted policy measures, infrastructure expansion and technology adoption, supported by initiatives such as PM Gati Shakti, the National Logistics Policy and Bharatmala Pariyojna. Post-pandemic growth is being driven by high internet and smartphone penetration, exponential growth of e-commerce, the rise of MSME output and significant infrastructure expansion into tier II and III cities, said the report, released by Union Minister for Road Transport and Highways Nitin Gadkari along with senior government functionaries, industry leaders and other stakeholders at an event in New Delhi late Tuesday. The sector expanded from USD 3 billion in FY17 to USD 9 billion in FY25, recording a compound annual growth rate of 12 to 15 per cent. It is expected that the market will double to between USD 18 and 22 billion by FY30. By FY25, the express industry is expected to support between 2.8 and 3 million jobs, the report stated. Besides, it is estimated the sector will make a significant contribution to GST revenues of USD 1 to 1.5 billion and customs revenues of USD 650 million as well and act as a vital enabler for e-commerce, MSMEs and cross-border trade, it said. The domestic express accounts for about 70 per cent of the total market, valued at USD 6.3 to 6.5 billion, with surface express contributing the largest share. 'The express industry has become a critical pillar of India's economy, connecting businesses and markets with speed and reliability. From supporting the world's largest vaccination drive to enabling e-commerce, MSMEs and exports, our sector has shown agility, resilience and innovation. Domestic express, which makes up around 70 per cent of the market, is led by surface transport growth, while international express is expanding rapidly with global demand for Made-in-India products," SAID Vijay Kumar, CEO, EICI. India's express logistics industry is undergoing rapid transformation to meet the growing demand for fast and reliable delivery solutions' not only through air, but also across road, rail, and coastal networks, said Girish Nair, Partner, Mobility and Logistics, National head- Aviation Sector, Global Lead-Airports, KPMG in India. PTI IAS MR MR view comments First Published: August 20, 2025, 18:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...
NDTV
9 hours ago
- Automotive
- NDTV
Indian Automotive Industry To Take Top Spot Globally By 2030: Gadkari
New Delhi: The government's aim is to make India's automobile industry the number one in the world in the next five years, Union Minister Nitin Gadkari said on Tuesday. Launching a report prepared by The Express Industry Council of India (EICI) and KPMG, Gadkari said the future of express industry is very good in the country. "The size of Indian automobile industry is now Rs 22 lakh crore... my aim is to make India's automobile industry number one in the world in the next five years," Gadkari said. The minster further said when he took charge of the transport ministry in 2014, the size of the automobile industry was Rs 7.5 lakh crore and today its size is Rs 22 lakh crore. Presently, the size of the US automobile industry is Rs 78 lakh crore, followed by China (Rs 47 lakh crore) and India (Rs 22 lakh crore). Gadkari said the dream of Prime Minister Narendra Modi is to make India third largest economy in the world and logistics sector will play an important role in achieving this dream. Gadkari said until recently, logistics cost in India was about 16 per cent of the gross domestic product (GDP). "I want to share that, according to a joint IIM-IIT survey, we have brought this (logistics cost) down to 10 per cent. "That is a major milestone and we are aiming to bring logistics cost down to single-digit soon," Gadkari said. The minister credited the fall in logistics cost to massive investments in expressway and economic corridors. According to the report titled 'Powering India's Economy, Connecting Business and Markets', express industry contributes USD 1-1.5 billion GST and USD 650 million to customs revenue annually. "The size of express industry sector is projected to double from USD 9 billion in FY25 to USD 18-22 billion by 2030, creating 6.5-7.5 million jobs," it said. The report noted that the express industry has transformed from a logistics facility to an essential service provider. Domestic express accounts for about 70 per cent of the total market, valued at USD 6.3-6.5 billion, with surface express contributing the largest share, it added. The report added that international express segment with a share of about 30 per cent, handled 19.5 million shipment, weighing about 1,52,300 tonnes in FY24.
