Indian Railways' smart initiatives can raise GDP by 2%: Suresh Prabhu

The smart initiatives undertaken by the Indian Railways during the past two and a half years to increase revenue, especially non-fare revenue, augment capacity and increase operational efficiencies to lower costs in a passenger and business friendly manner has the potential of raising the country’s GDP by 2 percentage points, according to Railway Minister, Suresh Prabhu.

Speaking at FICCI’s Smart Railway Conclave yesterday, Prabhu said, “To make this significant contribution to GDP a reality, the railways were working towards improving its finances and operational aspects in a transparent manner besides providing a better travel experience to the customers.”

Indian Railways had brought