Indian Economy and Rail System Investments

india economy and rail system investments
india economy and rail system investments

Indian Economy and Rail System Investments: The Republic of India is the country with the seventh largest geographic area and the second largest population in the world. It has a population of 1,3 billion and an area of ​​3.287.259 km². The capital of the country is New Delhi. It is one of the fastest growing economies in the world due to the economic reforms implemented since 1991. Despite this, rates of poverty, hygiene problems and malnutrition are still very high, and literacy rates are very low. India, which has an important place as one of the two countries with a population over 1 billion in the world together with China, seems to be a candidate to become the most populous country in the world in the near future due to the higher population growth rate.

The state of the country's economy in 2018:

GDP (Nominal): 2.6 trillion USD
Real GDP growth rate: %7,3
Population: 1.3 billion
Population growth rate: %1,1
GDP per capita (Nominal): 1.942 USD
Inflation rate: %4
Unemployment rate: %8,4
Total Exports: 338,4 billion USD
Total imports: 522,5 billion USD
Ranking in the world economy: 9

The main countries in India's exports are the USA, UAE, Hong Kong and the main export items are precious and semi-precious stones, pearls, mineral fuels, oils, motor vehicles, machinery, nuclear reactors, organic chemicals, pharmaceutical products.

Major countries in India's import are China, USA, UAE and the main import items are mineral fuels, precious and semi-precious stones, pearls, electrical and electronic devices, machinery, nuclear reactors, organic chemicals.

India classifies its economy and GDP into three lines of business: Agriculture, Industry and Services. The agricultural sector includes plants, horticulture, dairy farming and animal husbandry, aquaculture, fishing, sericulture, hunting, forestry and related activities. Industry includes various manufacturing sub-sectors. India's service business includes construction, retail, software, IT, communications, infrastructure operations, education, healthcare, banking and insurance, and many other economic activities.

Our bilateral trade (Million Dollars):

Year Export Imports Volume Balance
2015 650,3 5.613,5 6.263,8 .
2016 651,7 5.757,2 6.408,9 .
2017 758,5 6.216,6 6.975,1 .
2018 1,121,5 7.535,7 8.657,2 .

The main products we export to India are gold, marble, oil seeds, metal ores.

The main products we import from India are petroleum oils, synthetic filament yarns, vehicle parts.

RAIL SYSTEMS IN INDIA

Indian railways are among the world's largest railways with 115.000 km. India Railways has 277.987 freight wagon, 70.937 passenger wagon and 11.542 locomotive. The number of employees in the country's railways is 1.3 million people.

The electrified line length of railways is 55.240 km and is% 46 of total line length. 25 kV AC is used in electrical lines. The goal is to electrify all lines by 2022. For this, 5.1 billion dollars investment is planned.

In India, the world's largest railway companies have invested. These; Alstom, Bombardier and GE Transportation.

Alstom employs 3.600 people with three production facilities. From 2018 to 2028, a $ 800 billion partnership has been established with Indian railways to manufacture 2.9 electric locomotives. Bombardier operates here with more than 2000 employees. It produced 776 vehicles for the New Delhi Metro and carried out the signaling of the line. GE Transportation produces 1000 units of 4500 HP diesel-electric locomotives for India. Siemens plays an active role in signaling and electrification businesses in more countries. These include Mumbai Metro, Delhi Airport Metro Express, Chennai Metro.

The Government of India has achieved a localization rate of up to 70% with its call to "Make in India".

Projects of Turkish Companies in India

The total number of contracting projects undertaken by Turkish companies in the country is currently around 430 million dollars. Recently, among the projects undertaken by Turkish companies Gülermak undertaken by Lucknow subway construction there is. Within the scope of the project, 3.68 km Double Line Subway Construction, 3 Underground Metro Station and Viaduct Metro Line Design, Construction & Art Structures and Architectural Works Rail Works, Signalization and Electromechanical Works are included.

Doğuş Construction,  Mumbai subway construction The total value of the project is approximately 24,2 billion Indian Rupees and 21,8 million USD. The total length between Mumbai Central Railway Station and Worli will be 5 km. In the project, 5 station, 3550 m length double tunnel and electromechanical works will be realized. The project is expected to be completed by January 2021. On the other hand Construction of a railway tunnel in Jammu Kashmir province and various residential projects are under construction.

Map of India High Speed ​​Train

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