NEW DELHI: According to a report released on Monday, India's e-logistics business is on track to surpass USD 9 billion in revenue and is one of the world's largest and fastest-expanding logistics sectors.

In the following five years, it is anticipated that the quantity of e-commerce logistics shipments will increase fourfold.

According to a report by Bangalore-based Redseer Strategy Consultants, "new-age tech-enabled players who have entered India's logistics arena, it is now easier for small- and medium-sized businesses to transport goods, and there is a drastic increase in the speed and efficiency with which parcels are delivered."

With regard to these players, Delhivery is ideally situated at the intersection of the numerous development drivers for the logistics industry, including infrastructure, offline trade, digital consumption, and technological and data-driven adoption. The development of India's logistics industry as a whole and the e-retail boom were made possible by the e-commerce logistics industry.

A disruption in logistics is now necessary due to the proliferation of smartphones and the localization of the internet in non-English languages, which are attracting new users from non-metro areas and generating new demand for online commerce.

The report says that the availability of numerous payment alternatives, like UPI, no-cost EMI, BNPL ("buy-now-pay-later"), etc., are encouraging more customers to adopt digital commerce and resulting in a need for e-commerce. logistics.

Full-stack tech-enabled logistics service providers can target a variety of market segments in India, according to the report. "There seems to be great headroom for growth as tech-enabled logistics players venture into adjacent segments such as hyperlocal delivery, express delivery, trucking, and more," it said.

RBI rate hikes to contain price rise; inflation to fall below 6% next year’

External pressures pose minimal risk to India's sovereign rating: Fitch

Centre notifies MSMEs to avail non-tax benefits for 3-yrs