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Keywords rail transport, efficiency, subsidization, pricing, freight, passenger traffic, economic reforms, locomotives, telecommunications, transaction, infrastructure, externalities, This paper goes into various aspects of the rail system, and in the context of India brings out the importance of a comprehensive overall view. The paper starts off by first going over the rail system in India as it operated today. The importance of freight for the economy, the importance of certain routes that account for the bulk of the rail transport, how rail has been losing out to road, etc. Other Related Studies :-Infrastructure :-Asian Institute of Transport Development
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