India's logistics costs to reduce to 9% of GDP by Apr 2025: Minister

This can significantly raise exports, he noted.

However, according to quick estimates of economic think tank National Council of Applied Economic Research (NCAER), the country’s logistics cost ranged between 7.8 per cent and 8.9 per cent of GDP in fiscal 2021-22.

India also needs to create more jobs, he told an event in New Delhi.

The government is according more priority to the agriculture sector as per capita income needs to be raised in rural areas, Gadkari was cited as saying by a news agency.

Fibre2Fashion News Desk (DS)