<h1>India to Develop Framework for Assessing Logistics Costs in 2023-24 Study to Reduce GDP-Related Expenses.</h1> The Department for Promotion of Industry and Internal Trade (DPIIT) and the National Council of Applied Economic Research (NCAER) signed an MoU to develop a framework for assessing logistics costs in India. The agreement aims to create a detailed framework, conduct a comprehensive study for the year 2023-24, and evaluate logistics cost differentials across various parameters. The initiative is part of the National Logistics Policy's goal to reduce logistics costs relative to GDP. The study will involve data collection and analysis to benefit both industry and policymakers, with NCAER expected to deliver a report within a year.