New Delhi, March 20 -- With the rapid development of infrastructure, the government aims to bring down logistics costs by more than 5 percentage points to less than 10 per cent of GDP so that India becomes more competitive with China and the USA, Union Minister for Road Transport and Highways Nitin Gadkari said on Thursday.

Inaugurating the Convergence India & 10th Smart Cities India Expo at Bharat Mandapam here, Gadkari said: "India's economy is growing rapidly, with infrastructure development playing a key role. Our goal is to reduce logistics costs from 14-16 per cent of GDP to single digits, making us more competitive with China and the US." Under the theme "Imagining an AI-Driven Future Today: Innovating for a Better Tomorrow", the ...