MarketLine Blog

Posts tagged to railways

Indian Government seeks to put railways on the right track

MarketLine

Railways are an integral part of passenger transportation in India, described as a ‘lifeline to the nation’ by Indian Railways. Yet, they have been in a state of decline for at least two decades, as chronic underinvestment by successive governments has led to over-utilization as increasing volumes of passenger and freight traffic are transported on aging track infrastructure, where lines are often limited to a single track. As Indian Minister of Railways Shri Suresh Prabhakar Prabhu noted in his 2015/2016 budget speech, the potential economic benefits of reforming the railways,… Read more