Experts Expect Modest Rise in Indian Railways Capex Ahead of Budget 2026

Ahead of the Union Budget 2026, experts anticipate a modest 10-12% increase in Indian Railways' capital expenditure to around ₹2.75-2.8 trillion, focusing on infrastructure expansion, safety systems like Kavach, signalling, electrification, and station redevelopment. Recent fare hikes and strong capex utilization support this outlook. Railway-linked stocks have rallied in anticipation, with emphasis on execution and project commissioning influencing future performance. Broader budget expectations include sustained capital expenditure across sectors amid fiscal prudence.