The Indian Railways' VISION 2020 envisages the following on High Speed Corridors:
"India is unique and alone among the major countries of the world in not having a single high-speed rail corridor capable of running trains at speeds of over 250 kmph. High Speed corridors have played a major role in revitalization of Railways in Japan and Europe. Of late, high speed-rail networks are also getting built in China, Taiwan, and USA. Indian Railways would follow a two-pronged approach in this respect. The first approach would be to raise the speed of segregated passenger corridors on trunk routes using conventional technology to 160 to 200 kmph. The second approach would be to identify a number of intercity routes, depending on viability, and build state-of-the-art high-speed corridors for speeds up to 350 kmph through on PPP mode in partnerships with the State Governments. Partnerships with the State Governments would be crucial as real-estate development would be a key element of viability of these high-cost projects. By 2020, at least four corridors of 2000 kms would be developed and planning for 8 other corridors would be in different stages of progress."
The Expert Group for Modernization of Indian Railways in its report of Feb, 2012 made the following recommendations:"Construct a High Speed railway line between Ahmedabad and Mumbai with speed of 350 kmph.
Undertake detailed studies for 6 other High Speed rail corridors already identified. These include: (1) Delhi-Chandigarh-Amritsar (450 km); (2) Hyderabad-Dornakal-Vijayawada-Chennai (664 km); (3) Howrah-Haldia (135 km); (4) Chennai-Bangalore-Coimbatore-Ernakulam (850 km); (5) Delhi-Agra-Lucknow-Varanasi-Patna (991 km) & (6) Ernakulam-Trivandrum (194 km)..."
Pro:
Proponents of high speed rail argue that the lines will reduce traffic burdens, provide an environmental benefit, and create jobs. If people come to favor the high speed rail lines over transit by car, especially over longer distances, there will be a positive effect for the environment, as far less pollution will be created overall. In addition, this will reduce traffic congestion, leaving far less people on the roads. The act of the creation of the rail line will in itself provide a benefit - many workers will be needed to work on the project, providing economic stimulus. In addition, if the high speed rail does indeed make travel easier and cheaper, many who would have previously been unable to may be able to get jobs further away from their homes. Supporters of high speed rail say that the benefit to the community, the environment, and the economy far outweighs any costs.
Con:
Detractors, however, say that the high speed rail program will just eat the budget and reap no real rewards. They argue that, especially in America, very few people will take the trains, opting instead for the freedom offered by personal automobiles. Some also claim the prices for high speed rail tickets might be too expensive for many people to take the trains regularly. This lack of riders will render the supposed benefits of the high speed rail network moot. Given the amount of government funding that is being used on the project and the doubter's lack of belief in its success, they argue that the funding should be instead used for improving the current transportation infrastructure. Some even argue that it seems unlikely that many of the proposed high speed rail lines will even be built at all, with the money being left untouched and unused.
http://infrapppworld.com/2011/07/high-speed-rail-in-india-pros-and-cons.html
http://articles.economictimes.indiatimes.com/2014-07-13/news/51429351_1_bullet-trains-indian-railways-high-speed-rail-project/2
http://articles.economictimes.indiatimes.com/2014-07-13/news/51429351_1_bullet-trains-indian-railways-high-speed-rail-project/2