02-25-2006, 07:52 PM
Having watched Indian Railways closely, I am sure Indian railways can become veritable growth engines and cash spinners.
On a revenue base of Rs.55,000 crores a surplus of Rs.8,000 crore is expected this year (2005-2006).
Indian economy being in flux, this is the time to overhaul Indian railways if it has to survive the onslaught from cheap and time saving aviation industry. Otherwise it will take the route of American Railways.
It can chose to go European way by modernising and revamping railways.
I can say with confidence that with better management practice, streamlining processes, reducing corruption in procurement practices, optimising operations itself can generate another surplus of atleast Rs.5,000-10,000 crores. Nothing less than that.
Indian railways has a monopoly over rail business. It must revolutionise railways now or never. Safety standards need to be improved on a war like zeal.
It can very easily generate a surplus of at least Rs.15,000-20,000 crores per year. This money need to be used to upgrade, modernise, increasing saftey among others.
By reducing the corruption, improving management practices/processes, optimising operations, cost reductions in various government agencies, an honest government can generate a surplus of anywhere between <b>Rs. 150,000- Rs.250,000 crores ($ 30 - $50 billion)</b> which can ploughed back into infrastructural development and building good roads, improving power supply, good primary health care, educational institutions in every district. Imagine the multiplier effect this amount of investment can generate in India. Per economic theories, any investment can generate a multiplier effect of 10 times or about $ 500 billion which is close to 75% of India's GDP.
What is needed is the will power and honesty towards oneself, country and society!
<b>
I guess it is too much to expect from the present genre of Indian politicians who are busy securing the financial future for their next 100 generations of putras and putris.</b>
On a revenue base of Rs.55,000 crores a surplus of Rs.8,000 crore is expected this year (2005-2006).
Indian economy being in flux, this is the time to overhaul Indian railways if it has to survive the onslaught from cheap and time saving aviation industry. Otherwise it will take the route of American Railways.
It can chose to go European way by modernising and revamping railways.
I can say with confidence that with better management practice, streamlining processes, reducing corruption in procurement practices, optimising operations itself can generate another surplus of atleast Rs.5,000-10,000 crores. Nothing less than that.
Indian railways has a monopoly over rail business. It must revolutionise railways now or never. Safety standards need to be improved on a war like zeal.
It can very easily generate a surplus of at least Rs.15,000-20,000 crores per year. This money need to be used to upgrade, modernise, increasing saftey among others.
By reducing the corruption, improving management practices/processes, optimising operations, cost reductions in various government agencies, an honest government can generate a surplus of anywhere between <b>Rs. 150,000- Rs.250,000 crores ($ 30 - $50 billion)</b> which can ploughed back into infrastructural development and building good roads, improving power supply, good primary health care, educational institutions in every district. Imagine the multiplier effect this amount of investment can generate in India. Per economic theories, any investment can generate a multiplier effect of 10 times or about $ 500 billion which is close to 75% of India's GDP.
What is needed is the will power and honesty towards oneself, country and society!
<b>
I guess it is too much to expect from the present genre of Indian politicians who are busy securing the financial future for their next 100 generations of putras and putris.</b>