Context:
The 5th edition of the Logistics Ease Across Different State (LEADS) annual exercise provides insights into improvement of logistics performance at State/UT level.
About Logistics Ease Across Different State (LEADS):
- Released by – Ministry of Commerce and Industry
- Basis – Logistics Performance Index (LPI)
- Unlike LPI that relies entirely on perception-based surveys, LEADS incorporates both perception and objective data.
- Launched in – 2018
- Objectives – To assess the performance of logistics eco-system across States and Union Territories (UTs) and to promote competitive federalism for development of logistics sector.
- Data source – A Pan-India primary survey conducted across 36 States/UTs.
- 3 pillars of logistics performance –
- Quality of Logistics Infrastructure
- Quality of Logistics Services
- Operating & Regulatory Environment
Key findings of LEADS (2023):
- A positive shift in perception is spread across all the States and UTs across all the 3 pillars of logistics performance.
- A marked improvement in stakeholder satisfaction regarding ease of logistics when compared to 2019 perception results.
- Overall pace of infrastructure development has increased consistently between 2014-15 and 2022- 23
- 23 States/UTs – notified State Logistics Polices to align with the National Logistics Policy.
- 16 States/UTs – given industry status to logistics.
Logistics sector will be a cornerstone in the endeavour to take India to a 10-fold growth from a USD 3.5 trillion to USD 35 trillion by 2047.
Logistics Performance Index:
- An interactive benchmarking tool that helps countries to identify the challenges and opportunities they face in their performance on trade logistics.
- Released by – World Bank
- 2023 LPI – 1st time measures the speed of trade with indicators derived from big datasets tracking shipments.
Source: PIB
Previous Year Question
Consider the following statements:
1. The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Governments.
2. The Central Government has domestic liabilities of 21% of GDP as compared to that of 49% of GDP of the State Governments.
3. As per the Constitution of India, it is mandatory for a State to take the Central Government’s consent for raising any loan if the former owes any outstanding liabilities to the latter.
Which of the statements given above is/are correct?
[UPSC Civil Services Exam – 2018 Prelims]
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer: (c)
Explanation:
The Central Government has domestic liabilities of 46.1% of GDP (2016-17) and as a percent of GDP, whereas States’ Government liabilities increased to 23.2 % at end-March 2016.
