Impact of DFCs on Indian Economy
On 25th October, 2024, a study published by the University of New South Wales highlights that Dedicated Freight Corridors have positively influenced India’s GDP.
- The study was published in the journal Elsevier. It analysed the Western Dedicated Freight Corridor (WDFC) data for FY 2019–20, and came up with its findings by using a Computable General Equilibrium model initiated by the central government.
Impact of DFC
- Reducing Price of Commodities: The study said that reduction in freight cost and travel time due to the DFCs has helped reduce prices of commodities by up to 0.5%.
- Revenue Growth: The corridors have contributed to 2.94% ....
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