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Forming a major part of the Public Transport system in the country, there are over 70 State Road Transport Undertakings (SRTUs) operating more than 1,25,000 buses across different parts and regions of India. As is the case with many other Public Sector Undertakings, these SRTUs are mostly suffering from poor physical and financial performance. With a detailed introduction to the evolution and growth of public transport system in India, the present work reports an ...
A well developed infrastructure is a pre-requisite for capital formation and hence for economic development. Of many components of capital formation, transport is one of the primary importance. That way transport is a prime determinant of economic development. The interface between transportation investment and economic development has broad ramifications that go beyond transportation's basic purpose of moving people and goods from one place to another, whereas ...