Growth in Indian Railways Sector With Make in India Initiative

Authors

  • Beena John Jiby   Saibalaji Education Society, Pune-33

Keywords:

Make in India, Indian Railways, FDI, GDP.

Abstract

India is urbanizing at a rapid pace. India's manufacturing sector has over the years evolved through several stages. The new National manufacturing policies intend at increasing the manufacturing GDP‟s share to twenty five percent and create a hundred million jobs in a decade. With "Make in India‟ initiative the government has envisioned it. One of the major focus areas for the government is Railways. Indian Railways (IR) transport network connects the whole country and is fourth largest transportation and logistics network in the world. Modernization of Railway infrastructure is a main concern and Rail Budget has invested immense sum for next successive five years, and FDI play an extremely crucial role. Greater stress on FDI influx has been planned by permitting one hundred per cent FDI in Indian railways. This paper provides an overview of what has been done so far and what more needs to be done in Indian Railways. It shows that it needs FDI in order to compete with other transport modes like airways, road and water ways. There is a huge difference in the growth of GDP contribution and growth of Indian railways before and after Make in India initiative. It also studies the investment inflows in railways pre and post make in India campaign and the growth of Indian railways.

Downloads

Download data is not yet available.

Downloads

Published

2018-06-20

How to Cite

Jiby, B. J. (2018). Growth in Indian Railways Sector With Make in India Initiative. Journal of Applied Management- Jidnyasa, 10(1), 60–74. Retrieved from http://www.simsjam.net/index.php/Jidnyasa/article/view/128515

Issue

Volume 10, Issue 1, January-June 2018

Section

Articles

References

Acharya, R. 2000. Indian railways: Where the commuter is the king. Japan Railways and Transport Review, 25: 34–45.

Ananya Roy(2009)Why India Cannot Plan Its Cities: Informality, Insurgence and the Idiom of Urbanization, Volume: 8 issue: 1.

A.T. Kearney‟s (2007): Global Services Locations Indexâ€, www.atkearney.com 4. Bhattacharya, A., Bruce, A., & Mukherjee, A. (2014, Nov.). Make in India: Turning Vision Into Reality. The Boston Consulting Group-CII 13th Manufacturing Summit 2014.

Bhati Sonam et al. Foreign direct investment in india in railway sector IRJMST. 2014; 5(11). ISSN 2250-1959 Online 2348-9367.

Beck, Arne, Heiner Bente and Martin Schilling, 2013, "Railway Efficiency," OECD.

Chattopadhyay, A. (2015, May 15). For "Make in India" to Happen, Modi Govt. Must Move from Cheap Rhetoric to Difficult Action.The Economic Times.

Dwivedi Priya, Badge Jyoti. Impact of FDI inflow on service sector in India: an empirical analysis. 2013, 2:3. ISSN 2319-345X.

Gupta, H., Kapoor, T., & Asudani, J. (2015). "Unlease of Doing Business in India – A Review of Major Pain Points and Possible Lessons", CIRC. Working Paper No.12.

Hemal Shah, "Towards greater labour market flexibility: Issues and Options", Takshashila Research Report, 2013-S01. (2013).

Hsiao-Tien Pao, Chung-Ming Tsai. (2011). Multivariate Granger causality between CO2 emissions, energy consumption, FDI (foreign direct investment) and GDP (gross domestic product): Evidence from a panel of BRIC (Brazil, Russian Federation, India, and China) countries Energy.

Joumard, I., Sila, U., & Morgavi, H. (2015). Challenges and Opportunities of India's Manufacturing Sector. OECD Economics Department Working Papers, No. 1183, OECD Publishing. Retrieved from. http://dx.doi.org/10.1787/5js7t9q14m0q-en

Kahn Ribeiro S et al. (2007),Transport and its infrastructure In: Metz B et al. (Eds). Climate change 2007,Mitigation.Contribution of working group III to the fourth assessment Report of the intergovernmental panel on climate change. Cambridge & New York.

Mukherjee Arpita. Services Sector in India: Trends, Issues and Way Forward. (2012), JEL Codes L80, O40, J21, L88, F13. 2012.

Mundrey J. S. (2009), Railway Track Engineering,Tata McGraw-Hill Education.

Ministry of Shipping, Road Transport and Highways (MORTH), Transport Year Book (2006-07 to 2015-16). Department of Road Transport and Highways, MORTH, Government of India.

Nam, R., & Vishnoi, A. (2014, Dec. 30). Help wanted: "Make in India" drive lacks skilled labour. Reuters. Retrieved from http://in.reuters.com/article/india-workersidINKBN0K71E420141230

National Policy for Skill Development and Entrepreneurship 2015. (2015). Ministry of Skill Development and Entrepreneurship.

Pradhan, R.P., Bagchi, T.P. 2013.Effect of Transportation Infrastructure on Economic Growth in India: The VECM Approach.Research in Transportation Economics 38 (2013).

Pucher, John, et al. 2004. The Crisis of Public Transport in India: Overwhelming Needs but Limited Resources. Journal of Public Transportation, 7 (3): 95-113.

Rastogi Ankit. Focus on Growth & Opportunities for Indian Railways, 2012.

Roychowdhury A (ed) (2013) Good news & bad news: clearing the air in Indian cities. Centre for Science and Environment, New Delhi.

Sahu, B M; Raza, Irshad. Anusandhanika, Performance Evaluation of Indian Railways after New Economic Policy (2015); Vol. 7, Issue. 1.

Singh, P., Kathuria, R. (2016) Infrastructure and Connectivity in India: Getting the Basics Right. Asian Economic Policy Review, 11: 266–285.