Staff Reporter / NEW DELHI
Railway rolling stock has witnessed considerable growth in the current financial year as 17 new pairs of Vande Bharat trains were introduced, and 228 railway coaches were produced between April and October 2024. According to Indian Railways, 91 Gati Shakti multi-modal cargo terminals were commissioned, and 234 locations were approved by October last year.
On the Mumbai-Ahmedabad High-Speed Rail Project, Indian Railways said that over 47 percent of physical progress had been achieved, with an expenditure of 67,486 crore rupees by 2024.
Over 2,741 kilometres of the planned 2,843 kilometres of the Dedicated Freight Corridor network have been commissioned by November last year. According to Indian Railways, 1,337 stations have been identified for redevelopment, and work has started in 1,197 stations. On the progress made in the Information Technology sector, India’s data centre market is witnessing significant growth, fuelled by the expansion of infrastructure and a rising demand for digital services. The Economic Survey stated that the data centre market in the country is expected to grow from 4.5 billion USD in 2023 to 11.6 billion USD by 2032, at a compound annual growth rate of 10.98 percent.
The Indian IT industry holds a leading position globally and has been a significant contributor to the growth of exports. The industry has estimated revenues of 254 billion USD, marking a 3.8 percent year-on-year growth in the financial year 2024.