New Delhi, Nov. 20 -- Asserting that the Indian Railways must take immediate steps to support India's growth ambitions, Shishir Priyadarshi, President of the Chintan Research Foundation (CRF) said the sector needs "partial, calibrated and sequential" privatisation to improve efficiency, productivity and investment flow.

Speaking to ANI on the sidelines of Railway Conclave 2.0, organised by CRF in New Delhi, Priyadarshi said the Railways cannot reach the scale India needs, especially as the economy targets the USD 10-trillion mark, without adopting structural changes.

"Railways are clearly a lifeline of the Indian economy... but can we reach developed country status by 2047 with railways in its present form? Unlikely," he said.

Explaini...