Indian Railways: Past, Present and Future a Journey Towards ‘Make in India’

Abstract

Indian Railways (IR) is a major contributor to jobs, GDP, and safe mobility. But, scaling-up modernization has not taken place for decades of underinvestment and absence of assured funding. In the emerging situation, the Government of India cannot conduct this massive operation alone for the growing needs of a New India. IR has taken extensive steps to add its muscle to the ‘Atmanirbhar Bharat Abhiyaan’ via public private partnerships (PPPs), Joint Ventures (JVs) and FDIs for development massive infrastructure in a ‘Make in India’ – led dynamic growth so as to motivate domestic manufacturing.