Indian railways in millions of tonnes have carried 89.56 million tonnes worth of goods in the month of April 2015 and have registered 1.16% improvement over the same month last year. In terms of freight earnings Indian railways has registered Rs. 9270.01 crore in the month of April that is equivalent to 14.55% of growth over the same month previous year. Number of passengers travelling through Indian railways; however, has declined by -3.8% in comparison with the same month previous year to register 658.29 million. Passenger earning has increased by 19.35% over the same month previous year to register Rs. 3908.43 crore. As a whole, gross receipt of Indian railways has accounted for Rs. 13812.14 crore, in the month of September 2015 and has registered a growth of 16.32% over April, 2014.
In the month of April-October 2015 apart from Cochin and New Mangalore all other major ports of India have registered an increase in traffic handling over April-October 2014; measured in thousand tonnes. Over all traffic handling in major Indian ports has also increased by 3.67% in April-October 2015 over April-October 2014. Figure 1 depicts the traffic comparison in major Indian ports. Kandla, Paradip and JNPT; have successfully managed to occupy the first three spots among major Indian ports in terms of traffic handling.
As on 31.09.2015 total installed capacity of electricity in Mega Watt in India was 276088.94MW. Figure 2 depicts the mode of electricity in absolute terms. It is obvious from figure two that coal is still the prime source of electricity in India; followed by Hydroelectricity. The most promising fact is that electricity from renewable energy sources in India is growing fast and might easily be the future of electricity in the country.
Future Trend: The goods carriage by Indian railway is expected to grow by 1.15%-1.25% in month of October 2015. Freight earnings are also expected to grow by 14.5%-15.5%. However the passenger earnings are expected to increase by 19% to 20%. Gross receipts of the Indian railway are expected to rise by more than 15%.
The major ports in India are estimated to have witnessed a 5.4 per cent growth in cargo traffic in 2014-15 after subdued cargo movement in the preceding four years. Cargo traffic is expected to remain healthy in 2015-16 as well. Cargo volumes are expected to grow by 7.1% to 627.2 million tonnes during the year. In 2016-17, cargo traffic is likely to further increase by 7%.
Installed electricity generation in India is expected to increase over 2759110 MW by the end of October 2015. However, the electricity situation in North East India and in East India will remain more or less similar to the previous month.
- A big push for infrastructure sector with a hefty 70,000 crore increase in investment, that’s what to pump the economy even though it means postponing by a year to 2017-18 achieving the stiff fiscal deficit target of 3 per cent. Infrastructure among the five major challenges has to reckon with, Arun Jaitley, Finance Minister said with private investment in infrastructure via the public private partnership (PPP) model still weak, public investment needs to step in to catalyse investment. He also stressed on the need to revitalize the PPP mode of infrastructure development.
- The government also plans to establish a National Investment and Infrastructure Fund (NIIF), and find money to ensure an annual flow of 20,000 crore to it. This will enable the trust to raise debt and invest in equity of infrastructure finance companies such as the IRFC and NHB and the companies in turn can then leverage this extra equity manifold.
- For the roads sector, government announced connecting each of the 1,78,000 unconnected habitations by all-weather roads. This will require completing 1,00,000 km of roads currently under construction plus sanctioning and building another 1,00,000 km of roads, Also, there is a proposal for conversion of existing excise duty on petrol and diesel to the extent of 4 per litre into road cess to fund investment in roads and railways. An additional 40,000 crore will be made available through this measure for these sectors. The Northeast region has been accorded priority in the development process infrastructure projects.