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Prospective borrowing by Indian Railways exceeds GDP of some nations

Some 2.5t rupees of debt is required in 5 years through 2020 for upgrade: minister
Tuesday, July 26, 2016 - 05:50

New Delhi

INDIAN Railways plans to rack up debt to help fund an unprecedented modernisation plan.

Some 2.5 trillion rupees (S$50 billion) of debt is required in the five years through 2020, according to Railway Minister Suresh Prabhu. That's more than triple the 692 billion rupees