Road transport & logistics.

Road transport, storage and warehousing is India's largest transport industry, adding an estimated ₹8.9 lakh crore of value in FY26 (2.8% of national GVA) — more than railways, aviation, ports and shipping combined — while moving about 65% of freight tonne-kilometres and 90% of passenger trips. It is also the most fragmented large industry in the economy: roughly 90% of trucks are owned by operators with fewer than five vehicles, and the entire listed road-logistics sector's market capitalisation (~₹0.8 lakh crore) is about a fifth of Maruti Suzuki's alone. Nominal GVA has grown roughly 10% a year since FY05, driven by industrial output, construction, e-commerce (about 6 billion parcels a year) and urban passenger demand, with GST-era hub consolidation and an express-parcel boom as the two real structural shifts beneath the headline numbers. The Atlas's base case sees GVA reaching ₹13.5 lakh crore by FY30 and ₹22.5 lakh crore by FY35, as formalisation (express, 3PL and platforms) lifts the organised share of freight revenue toward 35% even as dedicated freight corridors shift some bulk traffic from road to rail.

Estimated GVA

8.9 ₹ lakh crore · FY26

Gross output

~20 (freight ~11, passenger ~7, warehousing ~1.2) ₹ lakh crore · FY26

Employment

~30 million workers · FY26

Listed PAT (road & express logistics only)

~0.015 (~₹1,500 cr) ₹ lakh crore · FY26

Listed market capitalisation

~0.8 ₹ lakh crore · FY26

Freight moved

~2,300 bn tonne-km · FY26

Road share of India's freight task

~65 % · FY26

Number of trucks

~10 million · FY26