GK & Current Affairs!
The World Bank has recently released a Logistics Performance Index (LPI) 2016 report titled “Connecting to Complete 2016”. The Logistics Performance Index Report is published by World Bank every two years.
India has now been ranked 35 amongst 160 countries compared to rank of 54 in LPI 2014. This is a jump of 19 places. Further, in terms of the six-components of the LPI i.e. Customs, Infrastructure, International Shipments, Logistics Quality and Competence, Tracking and Tracing, and Timeliness, India’s ranking is 38, 36, 39, 32, 33 and 42 respectively.
The LPI is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance.
The LPI is based on a worldwide survey of stakeholders on the ground providing feedback on the logistics “friendliness” of the countries in which they operate and those with which they trade. They combine in-depth knowledge of the countries in which they operate with informed qualitative assessments of other countries where they trade and have experience of global logistics environment. Feedback from such stakeholders is supplemented with quantitative data on the performance of key components of the logistics chain in the country of work.
Improvement in India’s rank in Logistics Performance Index adequately establishes steady performance in our competitiveness in manufacturing and trade that also acts as one of the growth driver of Make in India Programme.
India has jumped 15 spots to become 2nd most innovative middle income economy in world. This was revealed in the latest report of Global Innovation Index report released by Commerce and Industry Minister Nirmala Sitharaman in new Delhi today. Now, it has moved to 66th rank from 81 in 2015.
India to become the second largest internet using market by 2020: NASSCOM | 19-Aug-2016 12:52
Software promotional organization Nasscom predicts that India is going to be the second largest internet using country after China in three years from now. The prediction is for 2020, when the country’s internet users will reach 750 million. As on 2015, there are around 350 mn internet users in the county.
The two times increase in the internet using population will be supported by rural penetration. Nearly 75% of the new internet users will come from rural areas where 68% of the country’s population resides.
The report titled ‘The Future of Internet in India’ was published by NASSCOM along with Akamai Technologies.
At present, China is having the largest population in the world with 668 mn internet users.
Digital transformation of an economy is decided by the number of internet users. World Economic Forum has brought a report last year that shows the high correlation between size of internet users and the growth of the digital economy.