The Indian Railways Turnaround saga has caught the attention of the nation. One of the reasons is possibly the fact that Lalu Prasad Yadav, one of India’s most colourful politicians with the reputation of being a shrewd rustic, is the Railways Minister. He has addressed seminars in Harvard and Wharton speaking about what many consider, and rightly so, a landmark achievement.
In February, when Railway Minister Lalu Prasad presented India’s railway budget for the 2007-08 fiscal, its most striking aspect was the Rs.215 billion ($4.5 billion) surplus he announced for the organisation that employs 1.5 million people and boasts a 63,332-kilometer network that ferries 14 million passengers daily in 9,000 trains (4,000 more for cargo) from 6,947 stations.
See this easily readable report from Arvind Padmanabhan .
Factual details from the Indian Railways standpoint are presented by Mr. Sudhir Kumar, IAS, Officer on Special Duty/Minister for Railways.
KPMG‘s report gives details for those who want an in -depth analysis.