Bullet train will need 100 trips daily to be financially viable: IIM Ahmedabad study
Bullet train will need 100 trips daily to be financially viable: IIM Ahmedabad study http://m.indiatoday.in/story/bullet-train-will-need-100-trips-daily-to-be-financially-viable-iim-ahmedabad-study/1/645171.html
Its outright crazy. We have no money to provide oxygen in hospitals, we have no money to buy VVPAT machines to bring transparency in elections but we have Rs.1 Lac-Cr. to buy a bullet train.
People are suffering and then increases the price of petrol, diesel & LPG Cylinders, reduces the interest on FDRs of people to finance this nonsense. IIM - Ahmedabad has done a detailed study and has come to the conclusion that this project would be in losses from day - 1.
Japan’s government and its rail companies lobbied the US for years to sell its bullet train technology and found little success. Finally, there’s an international buyer: India.
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