A recent study has come out which states that non-development of railways in terms of replacement of diesel engines with electrical engines, new tracks , electrification, fast speed trains, rationalization of fairs instead of loading goods tariff making it uncompetitive in comparison to road transport, resulting in massive development of road transport pushed the consumption of petroleum which is main source of drain on our foreign exchange earnings. Lack of respectable and fast public transport pushed people towards using cars and two wheelers even at a higher cost. Situation seems to be going from bad to worst. Unless there is a control on import and consumption of petroleum (whichever way you do) no amount of so called reforms are going to help.
Regards
Virendra Goel
From: join_mtc@googlegroups.com [mailto:join_mtc@googlegroups.com] On Behalf Of Vijay Kane
Sent: Saturday, August 31, 2013 8:56 PM
To: join_mtc@googlegroups.com
Subject: Re: [MTC Global] Fw: Why India’s Economy Is Stumbling
Very interesting observations
In retrospect [unfortunately only in retrospect ] some reasons are obvious
Development took place in areas where it was possible to bypass the structural problems.
for example --
1] Our labor law reforms -- We have a very large pool of low skilled labor. but it is "guarded by archaic laws which presume that labor and management
are enemies of each other"
a] IT sector progressed as it was not hampered by these archaic laws.
Imagine where would be IT sector if shackled by these laws
b] Manufacturing sector succeeded partially by using contract labor and partially by mechanizing low skill jobs
2] Another big stumbling block -- Lack of availability consistent electric power -- To some extent it was bypassed by captive power generation to fill the gaps.,
I was amazed to read that majority of mobile towers - there are literally thousands of them -- use diesel generators [ consuming colossal amount of diesel]
Also by extensive use of "third shift " which is supposed to be used for contingencies only
There are other blocks --- I am not knowledgeable enough to comment on them - how ever things might not be much different.
Progress took place in spite of government. Government did its best to squander the generated surplus [ rather than reinvesting for productive purpose]
for political gains
V A Kane
Associate prof Mech Engg
Marathawada Inst Of Tech
Aurangabad
Maharashtra
On Sat, Aug 31, 2013 at 12:08 PM, Satish Oberoi <oberoi50@yahoo.com> wrote:
From: T.S. Krishnamoorthy
August 30, 2013
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