Logistics Performance and Economic Growth in Developing Economies within the Framework of Industry 5.0

Industry 5.0 is the uprising trend in which technology and manpower collaborate to increase efficiency. The idea behind is that progress cannot be achieved just through equipment and software, it can be grabbed with the help of human capital as well. This article was an effort to identify the linkage amid logistic performance and financial growth in scenario of industry 5.0. The data was taken from IMF and World Bank’s website for developing economies and analyzed through Unit Root Test, Johansen co-integration and regression assessment by E-views9 software. The results depicted that the improved performance of trade logistics also uplift the economic growth as the products need to be accessible to the end customers in timely manner which further enhances the customer demand, ultimately resulting into high profitability and economic growth.