Indian Railways May Add 20 Percent Incremental GDP In 4 Years

If Indian railways successfully achieve the plan to spend Rs. 8.56 trillion over F15-19e, 20% of all incremental growth forecast by Morgan Stanley economists would come only from such railway-led investments. In its Nov. 25 research report in their “The Next India” series, Akshay Soni and team at Morgan Stanley said they believe that a rightsizing between roads and rail in India could lead to a savings of 120-150 bps of GDP. India’s logistics hurting manufacturing competitiveness Soni points out that the infrastructure story remains one of the most underappreciated in terms of its importance in India. He highlights that thanks…