Capital Outlay of Rs 2.40 lakh crore has been provided for Indian Railways. It is the highest ever outlay for the Railways and is about nine times the Outlay made in FY 2013-14. The focus of this increased Outlay is on enabling getting more high speed trains operational. Government has also made firm affirmation to strengthen the infrastructure of entire railway system in the country.
Increase in the Railway budget outlay is in line with the Government’s indication that Railway Budget will be increased by 20-25 pecent.
Gati Shakti National Master Plan which was a major focus of the Union Budget 2022, has been given prominence in this year’s Union Budget.
Focus Area of Railway Budget
- Funds will be allocated to cater to laying new tracks
- Increasing the number of semi-high-speed Vande Bharat trains
- Introducing Hydrogen powered trains
- Ahmedabad-Mumbai Bullet Train projects
Outlay of 2.4lakh crore provided for Railways in FY24 highest ever allocation for Railways and is nearly nine times over FY14 allocations.3
Also Read: Economic Survey 2023: Govt. committed to meet Capital Expenditure target of Rs 7.5 lakh cr for FY23
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