The Indian Railways pricing challenge

Source:  www.livemint.com

Since the 1970s, be it passenger fares or freight charges, lower-class or upper-class passenger fares, the Indian Railways has consistently trailed behind the average price gains in the economy, barring a burst in the late-eighties and early-nineties.

In contrast, since the eighties, what it has been paying out to its employees, current and retired, has consistently outpaced inflation in the economy. And that mismatch between growth in pricing and cost is one reason the Railways finds itself in the spot it is today. More info

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