NEW DELHI: India´s new government will next week roll out plans to overhaul its sprawling rail network, dubbed the “lifeline of the nation”, which analysts say needs hundreds of billions of dollars of investment.
Two days before Prime Minister Narendra Modi´s new administration presents its first budget, a separate rail finance bill will be presented to parliament following a controversial recent fares hike.
The country´s railway system is one of the biggest in the world, stretching from the foothills of the Himalayas to the southern beaches.
But observers say it has been neglected by successive governments over the past three decades of rapid economic growth during which car ownership has surged and low-cost airlines have mushroomed.
