Schedule a Call Back
Freight corridors fuel equitable economic growth across India: Study
Industry News- Nov 04,24
The DFC network spans 2,843 kilometers across seven states, with the 1,337-km Eastern DFC fully operational from Ludhiana to Sonnagar, Bihar, and the 1,506-km Western DFC nearly complete, connecting Dadri, Uttar Pradesh, to Mumbai.
The Indian Railways' dedicated freight corridors (DFCs) have been instrumental in reducing regional economic disparities, according to a study by the University of New South Wales, Australia. The findings, published in the Elsevier Journal, reveal that states with lower per capita GDP are experiencing substantial economic benefits, contributing to more balanced growth nationwide.
Focusing on the Western Dedicated Freight Corridor (WDFC) for the financial year 2019-20, the study highlights how these corridors help reduce freight costs across regions, thus supporting various industries and lowering commodity prices by up to 0.5%. This has resulted in a 2.94% increase in Indian Railways' revenue between FY2018-19 and FY2022-23, with the western regions closest to the DFC seeing the most significant benefits due to greater cost reductions.
Using a computable general equilibrium model developed by the Ministry of Road Transport and Highways, the study shows how reduced freight costs and travel times foster GDP growth, particularly benefiting economically disadvantaged states and promoting equitable development across India.
The DFC network spans 2,843 kilometers across seven states, with the 1,337-km Eastern DFC fully operational from Ludhiana to Sonnagar, Bihar, and the 1,506-km Western DFC nearly complete, connecting Dadri, Uttar Pradesh, to Mumbai. Currently, the corridors handle an average of 325 daily trains—a 60% increase from last year—boosting efficiency with faster, heavier, and safer freight transport, according to the Dedicated Freight Corridor Corporation of India Limited (DFCCIL).
(Business Standard)
Indian Railways
DFCCIL
DFC
Elsevier Journal
railways
Highways
Ministry of Road Transport and Highways
Related Stories
Railways
FFG to supply 1.54 million railway wheels to India’s RKTR
The production line is expected to start operations in Q1 2026 and will deliver railway wheels to Indian Railways over the next 20 years.
Read moreRailways
Titagarh Rail Systems secures order from Adani Cement for 16 rakes of wagons
The BCFCM and BVCM wagons are designed to optimise the passage of fly ash and cement, ensuring faster and more cost-effective movement of these essential materials.
Read moreElectrical & Electronics
Elektrolites will be unveiling smart grid solutions in 2025: Anil Saboo
In this interaction, Anil Saboo, CMD, Elektrolites Power Pvt Ltd, explains the trends in the industry and the company's plans for ELECRAMA 2025.
Read moreRelated Products
Ball Rail Systems
Railways
Jinisha Electrolites offers a wide assortment of ball rail systems
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
