Union Budget 2023-24: A great year for Indian Railways, says expert

IR, which stimulates almost all sectors of industries and commerce by transporting raw materials and finished goods, is moving much more BTKMs (Billion Tonne Kms) during and post-pandemic times

For the Ministry of Railways, which is focusing on leapfrogging to a freight volume of 3 billion tonnes over the next decade, the finance ministry has provided a marvellous bonanza — a budgetary support of Rs 2.4 trillion. The entire 11th five-year plan (2007-12) could promise less than this outlay for the Railways.
 

There must be reasons for such encouraging support. One, that the government is pleased with the Railways moving towards 1.5 billion tonnes of freight loading in 2023, a milestone despite the Covid-19 pandemic. Next, 2023 will be a great year. Economic, and commerce and industry ministries are