Prime Minister Narendra Modi's new government on Tuesday presented its first railway budget, promising to seek increased foreign and domestic private investment to fund modernization of the country's huge but badly stretched network.
The state-owned railway has suffered from years of low investment and populist policies to subsidise fares. These have reduced the system to a slow, congested network that crimps economic growth.
The state-owned railway has suffered from years of low investment and populist policies to subsidise fares. These have reduced the system to a slow, congested network that crimps economic growth.
COMMENTS
Advertisement
PM Modi Urges Indian Olympians To Join 'Ek Ped Maa Ke Naam' Campaign Aiming To Achieve Net Zero Emission In Railways By 2030: PM Modi In PM Modi's Independence Day Speech, A Call For "24x7 For 2047" Mamata Banerjee's Sunday Ultimatum To CBI For Death Penalty In Rape-Murder How Extreme Weather Is Leading To Rise In Child Marriages In Pakistan Who Is Jasveen Sangha, "Ketamine Queen" Charged With Matthew Perry's Death JD Vance's Bestselling Tale From Rags To Riches Can Be His Political Tool Trump Made Rs 2 Crore From Bible Sales, Holds Rs 8 Crore In Crypto: Report Malaika Transforms Stunning Street Style To Ethnic Fashion In Melbourne Track Latest News Live on NDTV.com and get news updates from India and around the world.