The next 10 years will see a very high level of capital expenditure in the railway sector as capacity growth has to be accelerated, so that by 2030 it is ahead of demand, as per the Economic Survey.
Up to 2014, capex on railway was barely Rs 45,980 crore per annum and consequently, the railway was charecterised by high levels of inefficiency and highly congested routes unable to meet the growing demand.
