New Delhi, Aug. 20 -- The express logistics industry in India is expected to double its size and reach USD 18-22 billion by FY30 from USD approx. 9 billion in FY25, growing at a rate of 12-15 per cent CAGR, according to a report by professional services firm KPMG.

The report highlighted that the industry is also expected to generate 6.5-7.5 million jobs in the coming years and contribute significantly to the Indian economy.

It stated "the express industry in India is expected to reach USD18-22 billion by FY30 from USD approx 9 billion in FY25, marking 12-15 per cent CAGR."

The express logistics industry is a segment of logistics that deals with time-bound, fast, and reliable movement of goods across domestic and international locations...