Last Updated: January 11, 2017
Last Updated: December, 2016
India has the world's third-largest railway network under single management. It has 2.4 lakh wagons, 63,870 coaches and 9,549 locomotives. Indian Railways operates more than 19,000 trains daily.
Indian Railways is planning to launch an integrated mobile application for availing all travel-related services such as hiring taxis, pre-ordering a meal, requesting for porter services, lodging at a retiring room etc.
In collaboration with the Government of Japan, a high speed passenger corridor project between Ahmedabad to Mumbai has been undertaken, as per Railway Budget 2016-17. The construction of the project is likely to start in 2017.
Revenue growth for Indian Railways has been strong over the years. During FY07-15, revenues increased at a compound annual growth rate (CAGR) of 7.9 per cent to reach US$ 26.4 billion in FY15. Revenues are expected to expand at a CAGR of 13.4 per cent during FY07–20E. Freight and Passenger earnings are the two largest components of revenues for Indian Railways. In FY15, Indian Railways generated US$17.7 billion in earnings from commodity freight traffic, much higher than passenger earnings of US$7.1 billion. In the last eight years, revenues from the commodity freight and passenger segment have expanded at a CAGR of 8.7 per cent and 8.2 per cent, respectively.
The government is also envisaging metro rail projects across many cities over the next ten years. Announcements have also been made for conducting a feasibility study for high–speed bullet train between Mumbai–Ahmedabad. With increasing participation expected from private players, both domestic and foreign, due to favourable policy measures, both passenger and freight traffic is expected to grow rapidly over the medium to long term.
Download (Size: 949.06 KB )
Last Updated: January 11, 2017
Powered by the Who's Who of India
Organic farming has been witnessing rising popularity across markets, in tandem with the growing concerns related to intensive farming and an overdependence on agrochemi...
ICLP India has been helping major domestic and international brands to formulate and execute customer engagement strategies and drive loyalty programmes for over eight ye...
India attracted close to 80.16 lakh foreign tourists in 2015. Many international and domestic hotel chains are focusing on expansion in India. Mr. Praveen Roy, CEO, Touri...
The Ministry of Commerce and Industry has recently launched the new enhanced dashboard on foreign trade data...
How connecting with Indian crafts and silhouettes is making room for new business models
Almirah, a conscious clothing and bedding label for chi...
India's core sector output index grew by 5 per cent year-on-year at 176.1 in September 2016, as compared with 3.2 per cent year-on-year growth recorded in August 201...
Redesigning the financial landscape
With unwavering focus on low operating cost and high efficiency, Vortex Engineering has developed a reliable and secure range of ATMs that have changed the face of banking in India. Efforts such as these assume more significance in the wake of the recent demonetisation drive by the government and help..