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Logistics is the process of transporting goods from their initial place to the location of the customer. In recent years, e-commerce businesses have flourished because of the pandemic situation, which generated a never-ending demand for logistical services. Ultimately, it led to the advancement of technology in the logistics sector, which has since greatly benefited the country's economy. It has created new employment opportunities, reduced the cost of transportation, increased productivity due to digitalization, and also expanded e-commerce businesses from the domestic to the international domain with the help of services like ocean cargo and air cargo logistics.

These five factors are the reason why logistics has become the key factor that contributes to the growth of the economy -

Advancement of the logistics Industry - The growth of the logistics sector has helped establish quality relationships between manufacturers and their customers. The on-time delivery of goods has led to the growth of both e-commerce businesses and producers. This factor has elevated the country's GDP after the economic crisis it went through during COVID-19.

Employment Growth - Logistics have helped generate employment to lift unemployed people during the pandemic. Previously, Logistics was not considered a good career path as it required people with low skills, and it also paid low wages. But after the advancement of technology, various new jobs have opened up, such as sales manager, business analyst, financial logistic controller, marketing manager, logistic specialist, etc. Now people consider this a solid career path that guarantees a secure future. It has also created a platform for gender equality as numerous women have started working in the Logistics Industry.

Transportation management - The ever-growing advancement of transportation in the logistics sector has led to smooth and stress-free shipping of goods. The traditional method of supply chain management has changed, and the new procedure has reduced the cost of transportation for e-commerce businesses, which has benefitted the industry. This operating profit cycle has increased market competition, which has raised a surplus economy for the country.

Digitalization - As traditional mechanics are being replaced by modern technology, e-commerce businesses have started using digital methods to provide services such as tracking orders and reverse logistics to their customers. It has led to the economy's growth because automated procedures are not only cost-effective, but they also save the time of the company.

International Demand - The logistics industry has resolved the biggest challenge of offering delivery services to international customers. By providing services such as air cargo logistics and ocean cargo services, this sector has made it possible to practice international shipping. Not only does this save money, but these services also make it possible to transport goods in bulk across the oceans. As a result of serving a good deal of people, the growth of international trade has spiked in recent years. Hence, the demand for goods from other countries has increased tremendously, benefiting the Indian economy.

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