Open AccessPRIVATISATION OF INDIAN RAILWAYS: PROSPECTS AND CONSEQUENCES
Author(s) -
T. Rajasekar,
Safeer Pasha
Publication year - 2020
Publication title -
towards excellence
Language(s) - English
Resource type - Journals
ISSN - 0974-035X
DOI - 10.37867/te120507
Subject(s) - accountability , shareholder , work (physics) , quality (philosophy) , business , politics , perspective (graphical) , value (mathematics) , economic policy , economics , corporate governance , finance , political science , engineering , mechanical engineering , philosophy , epistemology , artificial intelligence , machine learning , computer science , law
The baseline of the research work tries to explore the effect of privatisation on Indianrailways. Adoption of any policy may have both positive and negative effect. Considering this perspective, the present study explores the prospective measures as well as consequence effect while adopting privatization policy in the Railway sector. The study found that efficiency, quality of services, lesser accidents, fewer political intervene, shareholders value and technological innovation as the prospective measures while adopting privatisation concepts. The study also found that limited coverage, higher fares, accountability and impact on economy as the consequences measures while adopting the privatisation policy in Indian Railways. Therefore, adopting the privatisation policy in the railway sector consideration must be given to the above said factors for future development.