New Delhi, Sept. 22 -- India's logistics costs stand at 7.97% of GDP, significantly below the 13-14% cited by external agencies, according to a government assessment released on Saturday.

Union commerce and industry minister Piyush Goyal unveiled the findings during celebrations marking a decade of the 'Make in India' initiative, which described previous estimates as "misrepresented" and based on "partial datasets".

The Assessment of Logistics Cost in India, prepared by the National Council of Applied Economic Research (NCAER) for the Department for Promotion of Industry and Internal Trade, represents the country's first scientifically derived estimate using a hybrid methodology combining secondary data with nationwide surveys. NCAER, f...