Railways to emerge as an engine of national growth, Eco Survey says

The Economic Survey 2021-22 has asserted that the Indian railway sector in the next 10 years will see a very high level of capital expenditure leading to it eventually becoming the engine of national growth.

The survey says that a higher capex will be needed as capacity growth has to be accelerated such that by 2030 it is ahead of the demand.

Capex in this sector up to 2014 was at around Rs 45,980 crore per annum which plagued it with high levels of inefficiency and congested routes which led to inability in meeting the growing demand, the survey says.