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September 18, 2024

SectorVector - Fast-tracking into tomorrow

Reading the topical trends

A decade of progress gives Indian Railways a strong foundation and momentum for growth

 

Indian Railways has had a transformative journey over the past decade, marked by infrastructure development, technological advancement and a focus on enhancing operational efficiency. From high-speed rail projects to widespread electrification, investments totalling Rs 17.4 lakh crore between fiscals 2016 and 2025 are helping modernise the railways and reinforce it as a key driver of India’s progress to a high-income economy. Indeed, railway capex for the period has clocked a compound annual growth rate of 12%.

 

The government has committed to advancing each of the core elements of a rail system — tracks, trains and the extensive land to support it all. Initiatives such as expanding tracks, enhancing safety and high-speed rail, among others, will enable the railways to meet the demands of efficiency and competitiveness.

 

Indian Railways has already made notable progress in each of these areas. In track development, efforts at doubling and electrification have increased network capacity and efficiency. Train modernisation has introduced advanced locomotives and elevated passenger services. Station redevelopment and the optimised use of railway land have enhanced infrastructure and unlocked revenue opportunities.