India is undergoing rapid urbanization. This has created an influential impact on the way urban transportation evolves in the country. According to the estimates, the Indian economy is expected to grow by 12 per cent in 2021 following a 7.1 per cent contraction in 2020. This creates a huge demand for a robust transport infrastructure and services to promote urban mobility in the country. 

Urban mobility is a critical economic factor. Additionally, the efforts of the government in planning smart cities are also changing the landscape of urban mobility. This comes with several challenges such as the adoption of autonomous and automated vehicles. Further, designing effective and sharing platforms and mobility as a service (Maas), data handling and creating a sustainable infrastructure to boost innovative mobility solutions. 

Through an extensive study of Transportation Economics, meeting the challenges of building a reliable and efficient transport infrastructure becomes easy. A complete two-year Master Transportation Economics program from TU Dresden offers the soft skills required to successfully work and make a career in the mobility sector. It plays a significant role in sustaining the country’s economic growth. Considering the dynamics of rapid urbanization, Transportation Economics helps in improving access to labour markets and increasing the flow of income in weaker sections. Additionally, a majority of services and manufacturing sectors work actively around urban areas which requires the building of sound transportation infrastructure to further improve the logistics chain. 

Transportation Economics has become necessary in today’s scenario. It uses scientific tools and methods for understanding, processing and several challenges of urbanization. Moreover, it opens various avenues for students to make their career and work in large-scale firms and institutions to meet strong demands in labour markets.

Senior Researchers

Researchers or Senior researchers deliver high-quality economic research in the arena of transportation. They are responsible to put in their research efforts in understanding different economic aspects involved in transportation, government regulatory policies, challenges in the transportation industry, etc. They can get employed with top research institutions, universities and ministries to provide valuable insights and assistance in formulating transport policies and participate in decision making.  

Business Executives

Another job role that aspirants in Transportation Economics can take up is the role of Business Executive or Consultant. A transportation consultant plays a significant role in analysing the logistics and transportation system of a company. These are specialized experts who work on analyzing the importance of transportation in a company and formulating a business plan to meet the requirements and challenges in ensuring a hassle-free transportation system. They can work in public and private transportation companies. 

Data Scientists

As the country is moving towards the concept of smart cities, there is an enhanced requirement for gathering and handling an enormous amount of data. Students pursuing Transportation Economics can pursue their careers as Data Scientists in the Transportation industry. The program equips the students with skills in the management and interrogation of data and databases. 

Transportation planners

Aspirants in Transportation Economics can work as transport planners or managers. They are responsible for developing strategies that encompass all aspects of mobility. The job role of transport planners or managers starts with identifying challenges, outlining opportunities and developing cutting-edge solutions that can deliver the best possible infrastructure for any business or organization.  

Transportation Economics is in constant demand

The pace at which the country is moving towards automation and digitization shows a clear need for professionals with extensive knowledge in Transportation Economics. Students who are determined to master quantitative and economic methods to understand and solve transport-related issues for firms and society can make a specialized career ahead.