India’s transport sector budget to fall by 18% in 2014/2015

The Indian government has announced an 18% cut in transport sector spending in the 2014/2015 fiscal year. However, the government will allocate a higher proportion of the sector’s budget to complete transport projects in India’s north eastern states. Meanwhile, vehicle producers are giving discounts to boost India sales due to oversupply in the sector.
February 19, 2014 Read time: 1 min
The Indian government has announced an 18% cut in transport sector spending in the 2014/2015 fiscal year. However, the government will allocate a higher proportion of the sector’s budget to complete transport projects in India’s north eastern states. Meanwhile, vehicle producers are giving discounts to boost India sales due to oversupply in the sector.
Highway & Network Management

Related Content

  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati
    Read More
  • India’s Excon event proves popular
    March 21, 2016
    Road construction equipment manufacturers show bullish business sentiment at 2015 Excon - Partha Pratim Basistha writes. The eighth edition of Excon, South Asia’s largest construction equipment and technology fair, took place at Bengaluru International Exhibition Centre from 25-29th November 2015 at Karnataka in South India. The event featured over 850 exhibitors, including 275 from overseas. Buoyed by the Indian government’s ambitious plan to develop a 50,000km road network during next five years, road con
    Read More
  • India’s insurance claims for crashes are low
    October 24, 2016
    Analysis into traffic crashes in India has revealed that only around half of the country’s road deaths in 2015/2016 resulted in insurance claims. There were around 146,000 road fatalities in India during this period. The problem has been revealed by India’s Supreme Court. There are suggestions that the families of many of the road death victims do not know that they are entitled to compensation. The Supreme Court has pointed out that the four major sector insurers holding around 90% of the country’s busines
    Read More
  • India’s massive demand for construction machines
    June 17, 2016
    India is the new focus for the world construction industry market. In 2015 there was a change in perspective in Asia, with demand for machines in China dropping in terms of construction growth. India posted growth of 5.3% during 2015, while China achieved growth of 4%. This change at the top has been confirmed by the SaMoTer-Verona Outlook. This is a construction sector observatory group set up in partnership with Prometeia, the international economic consulting and research firm, with the support of Una
    Read More

Highlighted Content