Thursday, August 7, 2014

Foreign equity can flag next leg of Indian rail's journey | ummid.com

Foreign equity can flag next leg of Indian rail's journey | ummid.com

India boasts one of the oldest railroad networks in the world and also among the largest, ferrying some 23 million people, or a population the size of Australia, on its coaches each day. But this long journey, since the first train service was launched in 1854 between Bombay (Mumbai now) and its suburb Thane, somewhat lost velocity.