The unfolding 'magic'

Books of Account
The Turnaround Story of Indian Railways
Vivek Khare
(http://www.ameyaprakashan.com/)

Chugging along

Why did the Railways, in profits up to 1953, slide down to near insolvency by the turn of the century? Because bulk goods were lost sight of, says Vivek Khare in The Turnaround Story of Indian Railways. "The prime source of revenues for the Railways was freight. In the rush to increase passenger traffic, freight was sidelined, and revenues began to drop."

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