Economic Survey: Trend of PSU investment in roads and railways to continue

Demand for steel to get a boost with higher roads, rail spend

Public sector investments in roads and railways attract the most focus of capital expenditure in recent years according to the Economic Survey 2021-22. This trend is likely to continue with emphasis on the National Rail Plan.

"The next 10 years will see a very high level of capital expenditure (CAPEX) in the railway sector as capacity growth has to be accelerated such that by 2030 it is ahead of demand," the Economic Survey said.

"Up to 2014, capex on railway was barely Rs 45,980 crore per annum and consequently the railway was characterized by high levels of inefficiency and highly congested routes