Railways' capex meets targets, likely to remain at the same level

Despite not getting any additional outlay in the Budget 2025, Railways officials are not worried since their spending numbers sit well with Budget Estimates (BE) for FY25

Finance ministry mandarins were pleasantly surprised to discover how well spending numbers for the Indian Railways sit with the Budget Estimates (BE) for the financial year ending 2025. Despite Ministry of Railways not getting a jump in their capital expenditure (capex) estimates for FY26, the numbers were a vindication of an expenditure pattern that began two years ago.  

 

The detailed demand for grants by the ministry of Railways for the financial year ending March 2026 shows that expenditures on key investment streams including rolling stock, line renewals and station development will be almost flat from their FY25 levels. The aggregate