The Logistics Sector in India: 10 Million New Jobs by 2027

Logistics sector likely to add 10 million jobs by 2027: Teamlease Services
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The logistics sector in India is expected to create 10 million new jobs by 2027, with a compound annual growth rate of 12%, according to TeamLease Services. The sector is undergoing a shift from being unorganised to organised, which is driving its expansion. Government initiatives, such as the Production Linked Incentive scheme and the PM Gati Shakti programme, are expected to further boost employment rates in the logistics industry. The demand for various roles in the sector is expected to increase, including supply chain managers, logistics specialists, distribution managers, and warehousing managers.

The increasing demand in the logistics sector is driven by factors such as rising domestic consumption, an increase in production, and shifting economic dynamics, such as rising disposable incomes and rural demand. However, there is also an increasing reliance on automation, artificial intelligence, and machine learning in the industry, which emphasizes the need for a skilled workforce in technology. The use of technology and automation is expected to improve workforce productivity, limiting the proportional expansion of the workforce.

Growth in the logistics sector is not limited to metro cities but is also expected in cities like Indore, Guwahati, Nagpur, Jaipur, Vadodara, and Lucknow. As India strives to achieve its economic potential, logistics is set to play a key role in driving progress.

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