Overview

• The minister pegged the automobile sector at Rs 22 lakh crore today, up from Rs 7.5 lakh crore when he took office in 2014.
• He cited global benchmarks of Rs 78 lakh crore for the US and Rs 47 lakh crore for China to frame India’s gap.
• A joint IIM–IIT survey he referenced finds logistics costs have fallen to about 10% of GDP from roughly 16%, with further reductions targeted.
• The EICI–KPMG study projects the express industry to reach USD 18–22 billion by 2030 and to generate 6.5–7.5 million jobs.
• The report notes USD 1–1.5 billion in GST and about USD 650 million in customs revenue each year, a domestic share of about 70% valued at USD 6.3–6.5 billion, and an international segment that handled 19.5 million shipments in FY24.