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Bullet train foundation laying ceremony by Modi-Abe is a big step in India’s urban journey; why it could be historic

14 25 0
13.09.2017

Most of those who never tire of praising the massive rollout of China’s infrastructure, including 22,000 km of a bullet train network, but feel it is too expensive for India, will do well to keep in mind China first started planning bullet trains when its income levels were far below what India’s are today. Even if you ignore the fact that China first started planning bullet trains in the 1990s and just look at the date when construction first began—December 1, 2003—of the 2,078-km Shanghai-Wuhan-Chengdu line, China’s per capita income was under $1,300; today, when India starts construction of the Ahmedabad-Mumbai stretch, its per capita income is over $1,800. The other objection, that looks more relevant now with the recent spate of accidents, is that the Rs 1 lakh crore that the first stretch will cost is better spent on upgrading Railway........

© The Financial Express