The third-party logistics industry in India is growing at 22 percent annually, according to a report from Bharat Book Bureau, a leading business information aggregator in India. The report provides a snapshot of the market, including estimated market size, growth rate and share of 3PL firms. Key industry drivers include increasing geographical distribution of consumer markets, government infrastructure initiatives and growth in auto and retail sectors, and overall economic growth. The key challenges identified include infrastructure congestion, lack of trust and awareness, and service tax.
