Railway Budget 2023-24 Updates: Union Finance Minister Nirmala Sitharaman has allocated a capital outlay of Rs 2.40 lakh crore for the Indian Railways in the Union Budget 2023-24. This highest-ever outlay is about nine times the outlay made in Financial Year 2013-14. Till 2014, Railways’ capital expenditure was barely Rs 45,980 crore annually. Presently, there are a lot of projects going on across the country. In the coming years, the capex will increase further and the railway system will actually emerge as an engine of national growth.
