India establishes High-Speed Rail Corporation

[Chanakya's_Chant]

hahaha $8.5 trillions economy 8.5% gdp vs a pathetic 1.9trillion 4.5% gdp which one sound more like a third world sh@t hole you tell me

$8.5 trillion economy!!!! Numbers from the world's second largest economy are treated with skepticism by some economists, but this latest report has attempted to quantify the scale of discrepancy. There is strong evidence indicating that the rate of real Chinese GDP growth, and ultimately total real GDP, may be significantly over stated. Premier Economists across the globe think that China may be exaggerating the size of its economy to the tune of $1 trillion by releasing "willfully fraudulent" inflation and GDP data, and a report out recently also suggests the same.

If inflation data is not accurate, or is willfully fraudulent, as appears to be the case, it will impact many other areas of economic and financial data leading to large disparities over time. Dodgy data may add $1 trillion to Chinese economy...

And secondly 8.5% GDP growth rate???? Even your establishment expects it to be not more than 7.5% this financial year but take a break...can these numbers be trusted??? Beijing has a long tradition of setting and then claiming to exceed high growth targets, which makes growth appear both rapid and stable. For years, China reported much less volatile economic growth than other developing nations, but lately volatility has all but disappeared. Since the start of 2012, China has reported a GDP growth rate within a few decimal points of the official target—every quarter.

Another reason to question these numbers is that China’s second most powerful official has. In a 2007 cable revealed by WikiLeaks in late 2010, Chinese Premier Li Keqiang was quoted acknowledging that official GDP numbers are “man-made.” Mr. Li, who was head of the Communist Party in northeastern Liaoning province at the time, told then-U.S. Ambassador to China Clark Randt that he looked to more reliable numbers—on bank loans, rail cargo and electricity consumption—to get a fix on the actual growth rate.

Some economists now call these economic indicators the “LKQ Index.” That index shows that China’s economic growth was a lot weaker than officially claimed in the first half of 2013 and picked up in the third quarter only on a new round of stimulus to meet the annual GDP target of 7.5%.

Pressure to hit the official target has reached new highs as China’s Communist Party leaders prepare for a critical Central Committee meeting next month. With a per capita income of about $7,000, China has reached the stage of development when even the previous “miracle economies” of East Asia—Japan, Korea and Taiwan—began to slow, from a GDP growth rate near double digits to around 5% to 6%.

The manufacturing share of China’s economy is now 30%—the same as Japan at its 1970 peak. Consumption in China is already growing at 7% to 8%, the maximum rate any miracle economy has achieved. If consumption cannot grow faster, and the current rate of investment is dangerously high, then slower GDP growth is unavoidable.

Beijing’s devotion to hitting a 7.5% growth target is at the heart of China’s problems. That target comes from a rough estimate of the growth rate China needs to double its GDP by the end of this decade. This is a purely political ambition with no basis in economics, reminiscent of the man-made targets that guided the Soviet Union’s effort to catch up to the West. The lesson of that failed Communist experiment is that it would have been better to arrive late than never.

#third world fakehole right???

 

[IND151]

India establishes High-Speed Rail Corporation

​

INDIAN Railways Minister Mr Mallikarjun Kharge announced on October 29 that the country has established a High Speed Rail Corporation (HSRC) to prepare financial and implementation models, including the preparation of project-related studies and development of technical standards, for high-speed rail in India.

High-speed rail has been under discussion in India for the last 17 years, but appeared to take the first concrete step forward earlier this month, with the signing of a memorandum of understanding between Indian Railways and the Japan International Cooperation Agency (JICA) for a feasibility study into the construction of a 540 km high-speed line between Mumbai and Ahmedabad.

A preliminary study carried out by consortium of Rites, Italferr, and Systra, estimated the cost of the project at Rs 700bn ($US 13.2bn).

"High speed plans are very much on the fast track now," says HSRC chairman Mr Satish Agnihotri, who also chairs IR's project unit Rail Vikas Nigam, the parent company of HSRC.

IR plans to set up a High Speed Rail Authority (HSRA) as a regulatory body which will supervise administrative, institutional, and financial issues. "The HSRA will be set up shortly," Railway Board chairman Mr Arunendra Kumar confirms.

IR is also working on plans to strengthen and upgrade track and signalling systems to increase speeds for long-distance passenger trains from 120km/h to 160-200km/h. A Japanese-sponsored study is being carried out to look at the possibility of running Rajdhani trains at up to 200 km/h between Delhi and Mumbai.

India's high-speed plans are likely to gain momentum after the forthcoming general election, which will be held in May 2014.

Source:- http://www.railjournal.com/index.ph...-high-speed-rail-corporation.html?channel=542

Thanks for info.

Its very good that IR is planning to increase speed of LOng Distance Passenger Trains to 160-200 KM.

 

[IND151]

I don't want to be the party popper but has some one seen the condition of the Railway stations if National Capital
If yes

They should work on improving that not Building HSR

IR is also planning to increase speed of long distance passenger trains to 160-200 KM from 120 KM which is their current top speed.

 

[bolo]

$8.5 trillion economy!!!! Numbers from the world's second largest economy are treated with skepticism by some economists, but this latest report has attempted to quantify the scale of discrepancy. There is strong evidence indicating that the rate of real Chinese GDP growth, and ultimately total real GDP, may be significantly over stated. Premier Economists across the globe think that China may be exaggerating the size of its economy to the tune of $1 trillion by releasing "willfully fraudulent" inflation and GDP data, and a report out recently also suggests the same.

If inflation data is not accurate, or is willfully fraudulent, as appears to be the case, it will impact many other areas of economic and financial data leading to large disparities over time. Dodgy data may add $1 trillion to Chinese economy...

And secondly 8.5% GDP growth rate???? Even your establishment expects it to be not more than 7.5% this financial year but take a break...can these numbers be trusted??? Beijing has a long tradition of setting and then claiming to exceed high growth targets, which makes growth appear both rapid and stable. For years, China reported much less volatile economic growth than other developing nations, but lately volatility has all but disappeared. Since the start of 2012, China has reported a GDP growth rate within a few decimal points of the official target—every quarter.

Another reason to question these numbers is that China’s second most powerful official has. In a 2007 cable revealed by WikiLeaks in late 2010, Chinese Premier Li Keqiang was quoted acknowledging that official GDP numbers are “man-made.” Mr. Li, who was head of the Communist Party in northeastern Liaoning province at the time, told then-U.S. Ambassador to China Clark Randt that he looked to more reliable numbers—on bank loans, rail cargo and electricity consumption—to get a fix on the actual growth rate.

Some economists now call these economic indicators the “LKQ Index.” That index shows that China’s economic growth was a lot weaker than officially claimed in the first half of 2013 and picked up in the third quarter only on a new round of stimulus to meet the annual GDP target of 7.5%.

Pressure to hit the official target has reached new highs as China’s Communist Party leaders prepare for a critical Central Committee meeting next month. With a per capita income of about $7,000, China has reached the stage of development when even the previous “miracle economies” of East Asia—Japan, Korea and Taiwan—began to slow, from a GDP growth rate near double digits to around 5% to 6%.

The manufacturing share of China’s economy is now 30%—the same as Japan at its 1970 peak. Consumption in China is already growing at 7% to 8%, the maximum rate any miracle economy has achieved. If consumption cannot grow faster, and the current rate of investment is dangerously high, then slower GDP growth is unavoidable.

Beijing’s devotion to hitting a 7.5% growth target is at the heart of China’s problems. That target comes from a rough estimate of the growth rate China needs to double its GDP by the end of this decade. This is a purely political ambition with no basis in economics, reminiscent of the man-made targets that guided the Soviet Union’s effort to catch up to the West. The lesson of that failed Communist experiment is that it would have been better to arrive late than never.

#third world fakehole right???

Lau

$8.5 trillion economy!!!! Numbers from the world's second largest economy are treated with skepticism by some economists, but this latest report has attempted to quantify the scale of discrepancy. There is strong evidence indicating that the rate of real Chinese GDP growth, and ultimately total real GDP, may be significantly over stated. Premier Economists across the globe think that China may be exaggerating the size of its economy to the tune of $1 trillion by releasing "willfully fraudulent" inflation and GDP data, and a report out recently also suggests the same.

If inflation data is not accurate, or is willfully fraudulent, as appears to be the case, it will impact many other areas of economic and financial data leading to large disparities over time. Dodgy data may add $1 trillion to Chinese economy...

And secondly 8.5% GDP growth rate???? Even your establishment expects it to be not more than 7.5% this financial year but take a break...can these numbers be trusted??? Beijing has a long tradition of setting and then claiming to exceed high growth targets, which makes growth appear both rapid and stable. For years, China reported much less volatile economic growth than other developing nations, but lately volatility has all but disappeared. Since the start of 2012, China has reported a GDP growth rate within a few decimal points of the official target—every quarter.

Another reason to question these numbers is that China’s second most powerful official has. In a 2007 cable revealed by WikiLeaks in late 2010, Chinese Premier Li Keqiang was quoted acknowledging that official GDP numbers are “man-made.” Mr. Li, who was head of the Communist Party in northeastern Liaoning province at the time, told then-U.S. Ambassador to China Clark Randt that he looked to more reliable numbers—on bank loans, rail cargo and electricity consumption—to get a fix on the actual growth rate.

Some economists now call these economic indicators the “LKQ Index.” That index shows that China’s economic growth was a lot weaker than officially claimed in the first half of 2013 and picked up in the third quarter only on a new round of stimulus to meet the annual GDP target of 7.5%.

Pressure to hit the official target has reached new highs as China’s Communist Party leaders prepare for a critical Central Committee meeting next month. With a per capita income of about $7,000, China has reached the stage of development when even the previous “miracle economies” of East Asia—Japan, Korea and Taiwan—began to slow, from a GDP growth rate near double digits to around 5% to 6%.

The manufacturing share of China’s economy is now 30%—the same as Japan at its 1970 peak. Consumption in China is already growing at 7% to 8%, the maximum rate any miracle economy has achieved. If consumption cannot grow faster, and the current rate of investment is dangerously high, then slower GDP growth is unavoidable.

Beijing’s devotion to hitting a 7.5% growth target is at the heart of China’s problems. That target comes from a rough estimate of the growth rate China needs to double its GDP by the end of this decade. This is a purely political ambition with no basis in economics, reminiscent of the man-made targets that guided the Soviet Union’s effort to catch up to the West. The lesson of that failed Communist experiment is that it would have been better to arrive late than never.

#third world fakehole right???

what a laughable post from a simpleton. So far Chinese communism is beating indian democracy. CHINESE people can see the difference in their lives and their cities even if there is no stats. indians brag about progress but most indians don't see or feel the change.
pictures from 1990s indian cities look like shit just as it does now. I really do not like posting like this but indians need to stop with this anti China bashing and look at yourself. Bottom line China pawns india in virtually every human development index.

 

[Yogi]

Good Initiative Below is the map which shows proposed and approved ones

India is forming Jv's with France and Japan.


Now we have to wait for those chi bots to come to this thread and rant, burn, cry and what not .

Thats Dedicated Freight coridor not HSR, although they too r high speed but its for goods n not people.

Here is the proposed HSR network for India, although IMO upgrading the existing network to 160-200km/hr is a better approach(btw that is also part of the plan along with HSR)

 

[rott]

IR is also planning to increase speed of long distance passenger trains to 160-200 KM from 120 KM which is their current top speed.

Express trains run at a speed of 110 Kmph in India. While the Bhopal Shatabdi runs at a top speed of 150kmph. You don't know your own country.

 

[Srinivas]

The areas which are shown blue in the map I have posted are the areas where cities will develop and trade activity takes place. These rail lines will be upgraded to increase the speed of the locomotives.
So those freight corridors also comes under HSR.

Thats Dedicated Freight coridor not HSR, although they too r high speed but its for goods n not people.

Here is the proposed HSR network for India, although IMO upgrading the existing network to 160-200km/hr is a better approach(btw that is also part of the plan along with HSR)

 

[Yogi]

IR is also planning to increase speed of long distance passenger trains to 160-200 KM from 120 KM which is their current top speed.

Except for Rajdhani n Shatapdhi there is hardly any train that runs @ 120 km/hr.

We really need to upgrade our basic system or atleast every city with 10+ million population should be connected with 160-200 km/hr network.

But i m more interested in Dedicated freight corridors than HSR network.

 

[Bully]

WAP-7 is the most powerful Indian locomotive, isnt it?

 

[Srinivas]

CCP stats are overated and Chinese GDP and per capita are inflated numbers, you people are no where near 8.5 Trillion for sure.

China is a sh!t hole compared to any nation on this planet, China is like a giant jail for 1.3 Billion people (robots) who are programmed to obey their master CCP.

hahaha $8.5 trillions economy 8.5% gdp vs a pathetic 1.9trillion 4.5% gdp which one sound more like a third world sh@t hole you tell me

 

[GR!FF!N]

Express trains run at a speed of 110 Kmph in India. While the Bhopal Shatabdi runs at a top speed of 150kmph. You don't know your own country.

Bhopal Satabdi runs at 161 km/hr.

we don't have high speed rails.we're implementing them now.the issue is not to implement.the issue is how to give the service to the people and at low cost.if you view Indian Railway's fare chart for poor,Indian Railway provides poor people a trip upto 100 km and return at Rs.25/Month(thats less the USD 1/2 for upto 6000km per month).for normal people,we can travel upto 3000 km(actually,you can perform whatever amount of travel between 2 stations) in less than 3 dollars per month.for students,we can travel around 10000 km(actually,you can perform whatever amount of travel between 2 stations) in 3 months for around USD 4 dollars.I dare any country can provide such a railway cheap service.

in high speed rails,we may increase the fare to 2 to 3 times.but not more.so,we not only have to implement it,we have to think if people are going to get that service or not.

 

[GR!FF!N]

and another thing,why chenese members,along with a canadian and a german member jump into each thread belongs to India and start a D!ck Me@suring contest???we're not front runner in High Speed railway project,are we??but then,why can't you guys bring fare chart of these high speed rails so that we can compare these cutting edge tech with one what we're implementing it???its just not a white elephant we're implementing,right??we need to provide this service to the medium class and poor,not to the super rich.

 

[rott]

Bhopal Satabdi runs at 161 km/hr.

we don't have high speed rails.we're implementing them now.the issue is not to implement.the issue is how to give the service to the people and at low cost.if you view Indian Railway's fare for poor,Indian Railway provides poor people a trip upto 100 km and return at Rs.25/Month(thats less the USD 1/2 for upto 6000km per month).for normal people,we can travel upto 3000 km in less than 3 dollars per month.

in high speed rails,we may increase the fare to 2 to 3 times.but not more.so,we not only have to implement it,we have to think if people are going to get that service or not.

Tell me you just referred to Wiki. Bhopal Shatabdi's MPS is 150 Kmph. Though it can go more. The trains engineer aren't given the privilege to cross the MPS. MPS = Maximum Permitted Speed. Likewise, the other Shatabdis and Durontos do have a MPS of 120 - 130 Kmph, and express trains like, Brindavan Express, Coromandel Express have a MPS of 110 Kmph. Passengers trains in some of them have the privilege to go 110 kmph.

 

[Chanakya's_Chant]

Lau


what a laughable post from a simpleton. So far Chinese communism is beating indian democracy. CHINESE people can see the difference in their lives and their cities even if there is no stats. indians brag about progress but most indians don't see or feel the change.
pictures from 1990s indian cities look like shit just as it does now. I really do not like posting like this but indians need to stop with this anti China bashing and look at yourself. Bottom line China pawns india in virtually every human development index.

Oh please ..that's the thing at which you guys are extremely good at!!!!! Comparing just to "feel good" and derailing the topic everywhere - we are talking about the shaky data which you guys release just to exaggerate your GDP figures - adding dodgy data concerning the inflation and real GDP growth rates has incremented $1 trillion to Chinese economy. Your very own Premier Li Keqiang was quoted acknowledging that official GDP numbers are “man-made.” Mr. Li, who was head of the Communist Party in northeastern Liaoning province at the time, told then-U.S. Ambassador to China Clark Randt that he looked to more reliable numbers—on bank loans, rail cargo and electricity consumption—to get a fix on the actual growth rate.

And if you still consider these revelations and logical statistics as somewhat "laughable" and "Anti-Chinese" then I am really sorry for you.....

 

[INDIC]

Hmmm, I don't quite understand this. The Chinese have the largest HSR network in the world, bigger than the rest of the world put together and they are supposed to rant, cry and burn because India has been planning to build an HSR network for almost 20 years, without knowing when this will ever be realized and where the money should come from. That sounds pretty crazy to me.

Chinese HSR were meant to meet GDP growth target instead of profit making entity. So no surprise if China has world's largest HSR, the per capita income of Chinese is still lower than many countries of Sub-Saharan Africa. Indians won't build HSR for GDP growth target but for profit.