The MoU has been signed under the Bharatmala Pariyojana across the country to centralize freight consolidation and reduce logistics costs from 14% to less than 10% of GDP.
With the global economic growth slowing, Morgan Stanley in its research report has revised India's GDP growth estimates to 7.2 percent in FY23 from 7.6 percent and 6.4 percent for FY24 from 6.7 percent.
EXAMIANS