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

  • Auckland’s future strategic transport requirements
    July 5, 2012
    The Auckland Harbour Bridge is at the stage that it cannot cope with much more traffic, yet the population of the Auckland region continues to grow at a steady rate. Coupled with that, the bridge is a key link in the most important transport corridor in the country, State Highway One. Without it, the country would struggle to function. Not only home to New Zealand's largest city and one third of its population, Auckland's port is one of the country's largest. Some 140m north of the city is Marsden Point, th
    Read More
  • Chinese infrastructure spending to increase, boosting construction sector
    September 10, 2012
    In China, the news that the construction industry has been waiting for came with an announcement over infrastructure spending. The Chinese Government said it will invest heavily in infrastructure spending, particularly in extending the country’s high speed rail network. The news brought a flurry of trading on the Chinese stock market, seeing share price gains for various major Chinese construction equipment manufacturers including LiuGong, Sany and Shantui.
    Read More
  • Confidence of organisers for upcoming bC India exhibition
    August 26, 2014
    The organisers of the upcoming bC India exhibition in Delhi are confident the event will be successful given optimistic signs for the Indian construction market. India now has a new government following the recent elections and the economic signs are cautiously optimistic, helping confidence in the construction equipment sector. The show will be held at the India Expo Centre in Greater Noida/Delhi from December 15th – 18th 2014 and will cover some 120,000m2 of space, with around 30,000m2 in halls and 90,000
    Read More
  • ARTBA requests US president to invest in transportation
    March 5, 2012
    US president Barack Obama has received a highly critical open letter from Pete Ruane, president of the US-based American Road & Transportation Builders Association (ARTBA). The letter questions the lack of progress in the delivery of a long-term surface transportation bill by the US Government. This bill is now 15 months behind schedule, which has resulted in a knock-on effect for the already struggling US construction sector.
    Read More

Highlighted Content