Railways Budget 2026-27: ₹2.8 Lakh Crore Allocation to Drive Historic Transformation

The upcoming financial year, i.e., 2026-27, promises to be a landmark year for the Indian Railways, as the Ministry of Railways is likely to receive a record allocation of Rs 2.70 lakh crore to Rs 2.80 lakh crore in the upcoming budget. The government's attention, therefore, is not just focused on new promises, but on solving the long-pending waiting list issue with the help of technology too. The formula of the Railway Minister, which includes 52 reforms to be implemented in 52 weeks, will be evident in every aspect of the budget.

The budget has offered several incentives to make long-distance travel comfortable for passengers. The aim is to introduce eight new sleeper Vande Bharat trains by June, with the possibility of introducing 12 such trains in the year. Amrit Bharat trains will continue to expand for middle-class travelers. The new version 3.0 of Amrit Bharat (with fully AC coaches) is planned for March. The Integral Coach Factory (ICF) is rapidly manufacturing trains for this purpose.

To reduce the waiting list problem within two years, the Railways will focus on additional coaches and new-generation trains. The budget will increase capital expenditure for track doubling, extension of new lines, and engine manufacturing. The Amrit Bharat Station Scheme will further accelerate the rejuvenation of hundreds of stations. New budgetary provisions are also possible towards green stations and net-zero carbon emissions for environmentally friendly operations.

The government is paying special attention to freight traffic to increase railway revenue. Investments will be increased to connect dedicated freight corridors to ports, industrial areas, and logistics parks. This will not only reduce transportation costs but also shift a significant portion of freight from road to rail. The budget may also allocate special funds to provide a railway platform for startups and promote innovation.