top of page

Running on borrowings, Indian Railways must get on the track

Updated: May 9, 2022

India's largest public transporter has to reform its accounting practices to determine the losses it can sustain

Indian Railways’ subsidy burden has increased and it hasn’t been able to capitalise from sundry earnings, like revenue from leasing and advertisements.

In 1959, John Meyer founded transport economics to study resource allocation in the sector. The field also studies the relevance of public transport and whether the sector should be run for profits.

Many development economists support subsidising public transport, arguing that the benefits of infrastructure and urban development outweigh the losses. The debate is about the bill for such losses. As its finances deteriorate, the Indian Railways faces a similar debate.

In 2015-16, Railways funded 18 per cent of its capital expenditure through internal resources. In 2021-22, internal resources will account for just 1.05 per cent of Rail­ways’ capital spending. India’s biggest public sector utility expects to raise 2.85 per cent of its capital expenditure from internal resources in 2022-23. That is a tough ask: in the last seven years, Railways has not once met its target.

Stun Your Readers

“Be original, show off your style, and tell your story.”

Blogging gives your site a voice, so let your business’ personality shine through. Are you a creative agency? Go wild with original blog posts about recent projects, cool inspirational ideas, or what your company culture is like. Add images, and videos to really spice it up, and pepper it with slang to keep readers interested. Are you a programmer? Stay on the more technical side by offering weekly tips, tricks, and hacks that show off your knowledge of the industry. No matter what type of business you have, one thing is for sure - blogging gives your business the opportunity to be heard in a way in a different and unconventional way.

Get Inspired

To keep up with all things Wix, including website building tips and interesting articles, head over to the Wix Blog. You may even find yourself inspired to start crafting your own blog, adding unique content, and stunning images and videos. Start creating your own blog now. Good luck!

1 view0 comments
bottom of page