$17 Billion India Rail Revamp Aims to Stem Growth Slump

$17 Billion India Rail Revamp Aims to Stem Growth Slump

Prashanth Vishwanathan/Bloomberg

Laborers play cricket during their break next to a freight train parked at a station in New Delhi. The government raised passenger fares in January for the first time since 2003 and freight rates about 20 percent last year to help boost funds for the delayed upgrade.