Transport logistics (tmc) is the logistics and transportation services for freight and passenger transportation in the Indian Ocean.
In India, it’s the most important industry in terms of employment.
As of 2016, there were over 2,300 million registered tmcs in the country, and over 6,500,000 tmacs were registered for export.
India’s economy is growing at an average rate of 8.7% and has an export value of USD 1.4 trillion in 2016.
With over one billion tmccs, India is one of the fastest growing countries in the world, and has the highest level of foreign direct investment (FDI) per capita.
As per the Bureau of Statistics, in 2019, there was an increase in India’s tmci market, with the demand for tmic commodities exceeding that of goods by USD 2,852.
Indian companies have started to diversify their business model.
While the government has recently started investing in logistics startups, they have also started investing into private sector businesses, such as hotels and restaurants.
The Indian market is also seeing an increase of foreign companies seeking to expand operations abroad.
Here is how India’s transportation logistics industry is expanding, and how it is affecting the economy of India.