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Bankruptcy to Billions
How the Indian Railways Transformed
Sudhir Kumar and Shagun Mehrotra
228 pages
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215x140mm
978-0-19-806907-2
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Paperback
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07 October 2010
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This item will be ordered from another OUP branch. Items ordered from other branches are despatched and charged as soon as we receive them, which is normally within 6 weeks.
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- Authors uniquely qualified to comment on Indian Railways
- In-depth analysis of recent transformation in Indian Railways
- Insider's story with statistical data, analysis, and background
- Topic has tremendous national and global appeal
- Will attract wide range of readers
The Indian Railways is one of the world's largest state-owned enterprises with around 1.4 million employees, over 63,000 kilometres of network, running around 13,000 trains each day. Bankruptcy to Billions reveals for the first time how the Indian Railways transformed from near bankruptcy to post US$ 6 billion (Rs 25,000 crore) annual cash surplus in 2008.
This book is a case study of how the Indian Railways brought a revolutionary change in its infrastructure to script its own success story. Defining and evaluating the conventional policy approach to reform large state-owned enterprises, this book comprehensively analyses Railways' innovative modus operandi that
changed its status from a 'profit averse' to a 'profit oriented' organization. Providing valuable insights into other state-owned enterprises, Bankruptcy to Billions unveils the real story of the transformation of the Indian Railways.Readership: Policymakers; management professionals; students and teachers of economics, business studies, and strategic studies; anyone interested in the Indian economy
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Sudhir Kumar, Current Joint Secretary, Ministry of Powers, and Shagun Mehrotra, Columbia University Sudhir Kumar, IAS, was Officer on Special Duty to the Minister of Railways. Kumar's most significant contribution in the recent transformation of the railways was his pioneering work in assisting the minister in crafting a reform strategy for the railways that did not burden the poor consumers. A student of Delhi School of Economics, he belongs to the 1982 Bihar Cadre. Currently he is the Joint Secretary in the Ministry of Powers, Government of India.
Shagun Mehrotra is currently pursuing doctoral dissertation at Columbia University, New York. He has done research on infrastructure, economic development, and urban poverty in South-East Asia, China, and India. He has worked with the World Bank, and his advice has been sought for the United Nations Human Development Report (2006) and the Bill and Melinda Gates Foundation, among others.
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List of Figures and Table
Foreword by Manmohan Singh
Acknowledgements
Preface
1.: Bankruptcy to Billions!
2.: Political Economy of Reforms
3.: The Market
4.: Milking the Cow
5.: Service with a Smile
6.: Outcomes, Sustainability, and Replication
Notes
References
Glossary
Appendices
Index
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The specification in this catalogue, including without limitation price, format, extent, number of illustrations, and month of publication, was as accurate as possible at the time the catalogue was compiled. Occasionally, due to the nature of some contractual restrictions, we are unable to ship a specific product to a particular territory. Jacket images are provisional and liable to change before publication.
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