Search Keyword: Bibek Debroy
It is often pointed out that every rupee invested in ramping up railway infrastructure benefits the economy six times over. Therefore, after languishing for nearly 70 years, modernisation of the sector has been put on the fast track.
While all the pressure to build a railway network in India in the mid-nineteenth century came from London, it is well into the 21st century that pressures of a very different kind are at work in modern-day India.
The population surge, rapid urbanisation, and the consequent congestion have time and again fuelled the ´need for speed´. Mass rapid transit system like the metro rail has dawned as a panacea in this regard.
Despite an overall opera-¡ting ratio of 91 per cent, Indian Railways (IR) might be running many of its premium express trains on losses