India's current ranking on the World Bank's Logistic Performance Index (LPI) 2023 is 38th. The LPI measures the efficiency of a country's logistics and trade facilitation processes. India's ranking has shown consistent improvement over the years. In 2014, India was ranked 54th, and by 2018, it climbed to 44th place. The recent jump in the ranking to 38th in 2023 reflects India's significant progress in logistics performance.
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At what % of simple interest per annum will Rs. 500 amount to Rs. 610 in five years?
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