The Centre is set to enhance the gross budgetary allocation for Indian Railways by 29 per cent, from Rs 1.4 trillion to Rs 1.8 trillion, to fund infrastructure expenditures. The entire capex for the railway ministry is anticipated to increase 20 per cent to Rs 3 trillion in FY24, while the expenditure for FY23 was Rs 2.45 trillion. The ministry has also requested that the finance ministry give long-term infrastructure projects including high-speed trains, freight corridors, and railway modernisation funding priority.
