MUMBAI
The gross budgetary support for railways is likely to increase by 29% to 1.8 trillion in the year starting 1 April from ₹1.4 trillion in the current year, two people familiar with the development said.
The railway ministry expects total capital expenditure to rise more than 20% to exceed ₹3 trillion in FY24 on higher budget allocation, increased revenue from subsidiaries, and higher borrowings, one of the two officials said, seeking anonymity. The capital expenditure outlay was ₹2.45 trillion in the current fiscal.
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