INDIA NEEDS SPEED REVOLUTION TO ATTAIN 10-12% GDP GROWTH.
■เคญाเคฐเคค เคฎें เคเคคि เค्เคฐांเคคि เคी เคเคตเคถ्เคฏเคเคคा เคนै■ เคเค्เค เคเคคि เคे เคฌिเคจा เคญाเคฐเคค $5 เค्เคฐिเคฒिเคฏเคจ เค เคฐ्เคฅเคต्เคฏเคตเคธ्เคฅा เคนाเคธिเคฒ เคจเคนीं เคเคฐ เคธเคเคคा เคนै เคตเคฐ्เคท 2024 เคคเค ■ เคญाเคฐเคค เคฎें เคฎाเคฒเคाเคก़िเคฏों เคी เคเคธเคค เคเคคि 24 เคिเคฎी เคช्เคฐเคคि เคंเคा ,เคฏाเคค्เคฐी เค्เคฐेเคจें 44 เคिเคฎी เคช्เคฐเคคि เคंเคा.
✅India should go for high-speed Rail network without high speed India can't achieve $5 trillion economy by 2024.
Indian Railways is often called the lifeline of the nation#✔Average speed of freight trains is 24 km per hour whereas passenger trains run at 44 km per hour# Indian Railways transported over 1223 million tonnes of freight in FY19#Indian Railways carries over 25 million passengers daily.
✔High speed rail network #Bullet Train project will transform India’s economy to $5 trillion by 2024 ....$12 trillion Economy by 2030.
India needs bullet train services (Per capita income three times higher than national average).
✅1]๐ ]Kolkata-➡️Bhubaneswar-
Vishakapatnam-Vijayawada--Chennai-
➡️Bangalor(1900km).
Vijawada-Hyderabad.
✅2] ๐ Mumbai-➡️Nashik➡️Nagpur (810km).
✅3]๐ Delhi ➡️Agra - lucknow ➡️varanasi (780 km).
✅4]๐ Ongoing project Mumbai ➡️Ahamdabad (500km).
Above mention places has huge potential (Per capita income three times higher than national average.)
■ECONOMIC BENEFITS HIGH SPEED RAIL NETWORK ■
High speed rail network has many layers of Economic benefits. High speed rail network can boost -GDP, per capita income, manufacturing sector,Agrarian, tourism industry, FDI, reduce transport cost up to 300%, reduce Oil Import bill , increase standard of living...etc.
1.✔HSR can contribute10-12 % to GDP.HSR can boost -Agriculture,manufacturing,
Service sector, tourism,logistics & FDI.
2.✔HSR can reduces Oil Import bill,india can save multi billions dollars .india's crude oil import bill Rs 8.75 Lakh crores ( $125 billion) in 2018-19,increased 42% from $88 billion in 2017-18. If its continues at current rate ,In next 2-3 years india's crude oil import bill may hit $357 billion/25 lakh crore.
According to the International union of Railways (UIC), high-speed rail is eight times more energy efficient than airplanes and four times more efficient than automobile. It will also decrease greenhouse gas emissions and improve air quality.
3. ✔High speed rail (HSR)can boostTourism Industry.Chinese provinces with HSR services received 30% more international tourists and 35% more revenue than those without them.
4.✔When Japan launched its first bullet train in 1964, its per capita GDP was only $835.... When China launched its high speed trains in 2008, its per capita GDP was $3,300. Now, Japan's per capita GDP is over $ 38,000(45×835), China's is over $10000(3×3300).
5.✔High speed rail network can generate millions of good jobs....can generate middle class...can boost automobile industry ,real estate,FDI ....etc
6.✔towns connected to a new high-speed line saw their GDP rise by at least 10% compared to neighbours not on the route.
7.✔HSR Increases Economic Activity:Every $1 invested can generate $8-$10 economic activity
■THE IMPACT OF BULLET TRAIN IN CHINA■
China went through massive development phase in the last decades becoming the second largest economy, China faced the same dilemma as India whether to increase the speed of its tracks or go for the construction of bullet trains.
But China began bull Train services on April 18, 2008...China becomes world's largest bullet-train network 25000km.... the network will soon reach a total length 30,000km.
At the same time( 2008-18 )China Economy grew more than 3 fold ,From $4 trillion to $13 trillion.
At the same time FDI flows in China grew $82 billion to $330 billion.. over four fold.
So, I think India needs speed Revolution,as early as possible.
___________________
Referance-
Average speed of freight trains is 24 km per hour whereas passenger trains run at 44 km per hour. The Economic Times 31-May-2018
