Mumbai - From high-speed rail projects to widespread electrification, investments worth Rs 17.4 lakh crore between fiscals 2016 and 2025 are helping modernise Indian Railways and reinforce it as a key driver of India’s progress to a high-income economy, a Crisil report said.

Indian Railways has had a transformative journey over the past decade, marked by infrastructure development, technological advancement and a focus on enhancing operational efficiency.

Indeed, railway capex for the period has clocked a compound annual growth rate of 12 per cent, the report mentioned. The government . . .