Railways, Pandemic and the Law of Unintended Consequences
Transportation is amongst the sectors of the economy that has suffered the worst due to Covid, last year as well as this year due to the second wave. Their revenues have been decimated and cost structures have gone haywire. But the Railways, despite carrying far fewer passengers are an exception. Despite the pandemic, they are on track to earn more revenues this year compared to the pre-pandemic levels. And the reason for this is the law of unintended consequences.
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