New Delhi: India’s logistics sector is set to grow nearly threefold to around Rs 120 trillion over the next decade, a new report said on Monday. The report highlights that India’s GDP is expected to rise from $4.2 trillion in 2025 to $10 trillion by 2035, with industry and agriculture contributing $4 trillion to this growth. Since logistics costs account for about 30 per cent of India’s agri-industry GDP, the logistics market is projected to touch $1.2 trillion, or roughly Rs 120 trillion, by 2035. “Government initiatives, such as the National Infrastructure Pipeline, PM Gati Shakti, and the National Logistics Policy, directly address the sector's inefficiencies,” he said. Meanwhile, digitalisation and the Goods and Services Tax (GST) are accelerating the formalisation of the largely fragmented logistics industry,” he added.