Union Railway Minister Suresh Prabhu, pitching for more investments in Railways has said that “The Indian economy will grow by 2 to 3 percent more with increased investments in the railways as reforms in transportation sector are vital to exploit full growth potential of the country.”
Prabhu said that the railways should be seen as a new medium of development for the country in future. He pointed that congestion was one of the main problems faced by the Indian railways, the minister added that doubling and tripling of the lines can happen only with a hike in investment in the sector.
He said that if the country's railway network is pumped with a massive investment to boost the connectivity, the Indian economy will register an increased growth by 2-3 per cent. He pointed that congestion was one of the main problems faced by the Indian railways.
The Railway Minister further disclosed that the tendering process of the railways and other commercial decisions were not being handled by the railway minister in the NDA government, as far as the delegation and decentralisation of power to the departments is concerned. He added that Railway minister now works only on policy execution. Decentralisation of power of decision making, if necessary, is in the interest of a transparent administration.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: