 "Railways spending shows sustained rise")
At a time when private investment is not picking up, Business Standard takes a look at how far government spending is helping revive economic activity. The four-part series begins with the railways.
Indian Railways’ outlay has more than doubled in three years, with the government planning to spend Rs 1.31 lakh crore in 2017-18.
The capital expenditure was Rs 58,718 crore in 2014-15 and Rs 93,520 crore in 2015-16. It is estimated at Rs 1.21 lakh crore in the current financial year, “unprecedented in railway history”, Rail Minister Suresh Prabhu told journalists recently.
In the current financial year, the railways
