Indain Railway Five Year Plan
Indian Railways: Five Year Strategic Plan 1
Introduction
The Indian Railways has a capital base of about Rs. 100000 crore and is often referred to as the lifeline of the Indian economy because of its predominance in transportation of bulk freight and long distance passenger traffic. The network crisscrosses the nation, binding it together by ferrying freight and passengers across the length and breadth of the country. As the Indian economy moves into a high growth trajectory the Railways have also stepped up developmental efforts and are preparing themselves for an even bigger role in the future.
Review of the Tenth Plan
The Tenth Plan has seen an increased reliance on internal resources and market borrowings. The actual mobilization of internal resources went up from a meager Rs. 3,113 crore to a sizeable contribution of more than Rs. 12,000 crore in the final year of the Tenth Plan. The table below shows the significant increase in internal resource generation in the last two years of the plan.
In the final year of the plan internal generation and market borrowings account for over 65% of the total resource mobilization. For the plan period as a whole these two account for nearly 55% of the resources generated.
Tenth Five Year Plan Growth in Freight and Passenger Traffic
Traffic Unit Target Achievement
Originating Freight Million Tonnes 624 726
Freight Net Tonne Kms Billion 396 479
Originating Passengers Million 5686 6242
Passenger Kms Billion 593 700
The Railways have exceeded most of the targets set for the Tenth Five Year Plan. Efficiency improvements and a customer-focused approach have been major drivers of the growth. It is difficult for capacity enhancement to keep pace with the growth in traffic due to the gestation lags. Most of the major traffic-carrying routes are under severe strain. Many initiatives have been taken in this regard in the Tenth Five Year Plan and to sustain the growth momentum, this needs to be
Introduction
The Indian Railways has a capital base of about Rs. 100000 crore and is often referred to as the lifeline of the Indian economy because of its predominance in transportation of bulk freight and long distance passenger traffic. The network crisscrosses the nation, binding it together by ferrying freight and passengers across the length and breadth of the country. As the Indian economy moves into a high growth trajectory the Railways have also stepped up developmental efforts and are preparing themselves for an even bigger role in the future.
Review of the Tenth Plan
The Tenth Plan has seen an increased reliance on internal resources and market borrowings. The actual mobilization of internal resources went up from a meager Rs. 3,113 crore to a sizeable contribution of more than Rs. 12,000 crore in the final year of the Tenth Plan. The table below shows the significant increase in internal resource generation in the last two years of the plan.
In the final year of the plan internal generation and market borrowings account for over 65% of the total resource mobilization. For the plan period as a whole these two account for nearly 55% of the resources generated.
Tenth Five Year Plan Growth in Freight and Passenger Traffic
Traffic Unit Target Achievement
Originating Freight Million Tonnes 624 726
Freight Net Tonne Kms Billion 396 479
Originating Passengers Million 5686 6242
Passenger Kms Billion 593 700
The Railways have exceeded most of the targets set for the Tenth Five Year Plan. Efficiency improvements and a customer-focused approach have been major drivers of the growth. It is difficult for capacity enhancement to keep pace with the growth in traffic due to the gestation lags. Most of the major traffic-carrying routes are under severe strain. Many initiatives have been taken in this regard in the Tenth Five Year Plan and to sustain the growth momentum, this needs to be