EAC-PM Study Links Metro Rail Expansion to Improved Household Financial Stability

A working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) finds that India's metro rail expansion over the past decade has improved urban mobility, reducing households' reliance on private vehicles and lowering transportation costs. This has eased the burden of servicing home loan EMIs, leading to reduced mortgage delinquency and increased prepayments in cities like Delhi, Bengaluru, and Hyderabad. These changes contribute to stronger household financial resilience and broader financial stability.