$17 Billion India Rail Revamp Aims to Stem Growth Slump

$17 Billion India Rail Revamp Aims to Stem Growth Slump

Adeel Halim/Bloomberg

A train carrying shipping containers is parked at the Nhava Sheva port in Navi Mumbai. India plans to add 3,322 kilometers (2,064 miles) of arterial track dedicated to cargo trains, a $17 billion expansion that’s the largest since independence in 1947.