The market size of logistics grew at a CAGR of 11 per cent from FY19 till FY24 and it is projected to reach a market size of ₹35.3 trillion by FY29. While expenditure on logistics as a % of GDP is at a relatively higher 13 per cent, it is expected to drop to high-single-digits on improving connectivity and efficiencies through formalisation of the economy. The transportation segment contributes to most of the logistics market in India and within that, roadways dominate as of FY21. However, with the improvement in the rail infrastructure, Railways are expected to grow at a faster pace. This has been compiled from the RHP of Wester Carriers (India) Limited
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