RAILWAYS

Reforms driven agenda: Why it’s time to modernise the Indian Railways & make it world-class

Spanning an extraordinary 68,000 route km, the Indian Railways is truly the pulse of the nation. It employs over 1.2 mn people and generates approximately Rs 2 lakh cr annually—a major contributor to jobs, GDP, and mobility. In fact, efficient and optimal use of the railways could further add up to 1% to GDP.

The robustness of passenger demand is unprecedented as it has withstood long-term modal shifts and consistently reported unserved demand levels of 15%, in the form of waitlisted passengers. The unmet demand level necessitates substantial investments in capacity augmentation and technology.

The time has come to modernise the Indian Railways, make it world-class, and a key driver of the country’s growth in the post-Covid era. The overall travel experience of the common man needs to be transformed; high-quality in-transit experience needs to be supplemented by best-in-class railway stations.

However, to undertake an operation of such gargantuan proportions, India must involve the best resources via PPP to bring in the latest technology, leading practices, and efficiencies.

Source
financial express
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