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India will grow faster with more investments in Railway

News:

  • The Indian economy will register an increased growth by 2-3% if the country’s railway network is pumped with a massive investment to boost the connectivity.
  • Citing the example of China, Union Railway Minister Suresh Prabhu said that, China made massive investment in the railways and showed that a country can accelerate development by boosting connectivity.
  • Congestion is one of the main problems faced by the Indian railways, the minister said doubling and tripling of the lines can happen only with a hike in investment in the sector.
  • The cabinet had recently cleared development plans for 400 railway stations

Source:BS

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