India Needs Infra Boost, Lower Logistics Costs for 8-9% Growth: Baba Kalyani

• Baba Kalyani, Bharat Forge Chairman, states India needs stronger infrastructure and lower logistics costs to sustain 8-9% economic growth.
• Current private investment in sectors like electronics and manufacturing is significant, showing an improved investment climate.
• However, the next growth phase requires a stronger ecosystem including better roads, faster logistics, and reduced costs.
• India's logistics costs are high at 16-17% of GDP, significantly more than China's 7-8%.
• Targeted improvements in infrastructure and logistics are crucial to attract more private investment and capitalize on global supply chain diversification.

Why It Matters: Sustaining India's high growth hinges on critical infrastructure development and reducing high logistics costs.