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Financial turnaround of the Indian Railways: Good Luck or Good Management?

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  • Desh Gupta,
  • Milind Sathye

Abstract

We analyse the factors that led to the turnaround of the Indian Railways from a low performing organisation to a high performing one. Literature on public sector turnaround provides the theoretical underpinnings. Enterprise turnaround is often ascribed to managerial leadership; we found that environmental factors (good luck) contributed in a substantial way to the success of Indian Railways. The implication of our study is that an organisation’s turnaround success needs to be put in a wider context

Suggested Citation

  • Desh Gupta, & Milind Sathye, 2007. "Financial turnaround of the Indian Railways: Good Luck or Good Management?," ASARC Working Papers 2007-13, The Australian National University, Australia South Asia Research Centre.
    • Handle: RePEc:pas:asarcc:2007-13
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    File URL: https://crawford.anu.edu.au/acde/asarc/pdf/papers/2007/WP2007_13.pdf
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    References listed on IDEAS

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