Economic Impact Of Metro In Indore – Revolutionizing Urban Mobility [2024]

Economic Impact Of Metro In Indore – Indore is considered the largest economy in Madhya Pradesh and is knows as the business and trading hub of the state. It is a developing city and is increasing its contribution to urban development with metro infrastructure, which will also help in the economic development of the city.

In this write-up, we will talk about the Impact of metro on Indore’s Economy by discussing its benefits and disadvantages. Metro is a huge project and each of us is waiting to take a ride on the metro to navigate the city in a different mode of transportation but here the agenda is how this huge infrastructure is going to affect the economy of our city in different aspects. So let’s have a look at this.

Economic Impact Of Metro In Indore

Metro will surely bring transformative changes to the economy of Indore as it will open so many doors including a boost in business opportunities, direct and indirect job creation, real estate development, etc. All this aspects are going to affect the economy of Indore in both positive and negative ways.

Here our main objective is to understand both sides and discuss how this is going to be when the metro in Indore will be operational. So let’s start calculating the positive economic impacts of Metro in Indore.

Positive Impacts Of Metro On Indore Economy

The construction of such a huge infrastructure is going to impact the economy of the city in every way. Improved connectivity and faster commutes will also empower the city at a high pace. In order to continue this subject, let’s unroll the positive impacts of metro on Indore Economy.

Job Creation/Employment

Employment is a big issue in our country and it can be solved by enabling more employment opportunities for skilled people, Indore Metro has already done it even in its construction phase. For the construction of such a large infrastructure huge manpower was also needed which ultimately resulted in a vast number of job creations.

During the construction stage, these jobs were created for fields like engineering, manufacturing, daily labor, electrician, machine operators, etc. Apart from that, when the metro will be operational in Indore, there will be requirements for operation and maintenance staff that will ultimately create opportunities for so many abled youth.

Madhya Pradesh Metro Rail Corporation Limited will conduct exams to hire such skilled people for different fields and allow them to contribute to enhancing the economy of the city by being part of successful Metro operations. This was about the direct employment people got from the metro project.

Now let’s talk about the indirect job opportunities metro has created and will create in Indore. Indore is already the commercial capital of MP but after metro, the rise in businesses will lead to generate a lot of job opportunities for young who are skilled and abled.

Indore Metro Real Estate Impact

This is obvious in any city that real estate prices are higher in any development area in compare to other average developing areas. This could also be seen in the area alongside the metro route. The real estate prices will increase like never before. It will eventually become the reason for the development of commercial and residential properties because of the connectivity.

The attraction of people around metro route properties will make more revenue for the city and it will make a huge contribution to the Indores economy. Hence real estate development will be one of the positive impacts of Metro on Indore’s Economy.

Business Opportunities

When the metro starts to operate successfully across the country, it will attract a large number of commuters and to take advantage of higher connectivity people will prefer to reside in metro areas which is ultimately going to boost local businesses around metro routes.

This will not only benefit existing local businesses but will also make it easier for new business owners to expand and grow with the new metro light. A large number of business opportunities will open for entrepreneurs. The only thing needed is to actively participate in urbanization and take advantage of it as a business opportunity. This could be retail shops, restaurants, commercial buildings, cinemas, etcetera.

Boost In Tourism

Indore Metro Project and Bhopal Metro Project will be the earliest mass rapid transit systems in Madhya Pradesh and thus will attract a large number of tourists to explore not only the city but the metro itself. The boost in tourism will also be one of the best positive impacts of Metro on Indore economy. Metro is ultimately going to increase the attractiveness of our city Indore.

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Increased Productivity

Metro is a mass rapid transit system that allows commuters to navigate across the city in less time which results in increased productivity due to the time-saving, convenience, and comfortable transportation. Increased productivity in any city will lead to a boost in the economy.

These are some of the benefits of Metro in Indore that will positively impact Indore’s economy. However, here we have discussed these impacts but this all will depend on the efficiency and success of the metro in the city. With the introduction of the metro network in Indore, these overall positive impacts could be expected depending upon the efficiency, scalability, and success.

Now let’s have a look at the negative impacts of Metro on Indore’s Economy and how these positive impacts can also turn into negative in some aspects.

Want To Know: What are the 5 Negative Impacts Of Metro In Indore [2024]?

Negative Impacts Of Metro On Indore Economy

Whenever something big occurs or develops, then positive or negative, both types of impacts can be seen. The same can be seen in the case of the Indore Metro Rail Project. So lets have a look at the negative impacts of metro on Indore economy.

Financial Burden

The government has to spend a lot of money for the construction of the Indore Metro Rail Project, for which many big loans have also been taken, this puts pressure on government finances, which also affects other development projects.

To repay the loan, the government will either have to use reserves or use the revenue generated from the metro. In both cases, the money will come from the public, the financial burden will hinder other development works.

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Gentrification

In the section on the positive impacts of metro on Indore economy, we have talked about the real estate development and boost in local businesses. But if this aspect made a negative impact and led to gentrification then this might cause a huge opposite effect to locals.

On one hand, the metro will bring development, while on the other hand, the prices of property and other things will increase so much that those who cannot afford it will have to face great difficulties. The common man can deal with rising inflation once, but it will not be easy to fight gentrification. This can also lead to the displacement of local people. This could be one of the biggest negative Economic Impact Of Metro In Indore.

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Final Words

In this write-up, I have shared information regarding Economic Impact Of Metro In Indore and talked about the benefits of Metro in Indore and the disadvantages of Metro in Indore from the economic perspective.

There are some positive and some negative impacts that can be seen but if we consider it in the long-term then the positive impact wins the race. However, there are some negative impacts that needed to be addressed in short-term. Overall, the metro system may ultimately benefit the city economically. Let’s hope for the Best.

Hope this write-up containing Indore Metro’s economic impact was useful and informative enough for you. Thanks for reading and do not forget to share your views on how the metro in Indore will impact the city overall in the comment box.

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