Earlier, little effort was made in the field of research and development in the railways. However, the NDA government has signed agreements with 14 countries including Japan and Korea to undertake research and development works, the minister said at a function at Jammu railway station.
"In the coming years the railway will contribute 2.5 percent to the GDP growth in the country," Prabhu said. He said that Prime Minister Narendra Modi and Finance Minister Arun Jaitley helped revive the economy of the country.
"One-and-a-half years ago the economic situation of the country was in a mess and the world had lost faith and was not ready to invest in the country.
"Economy was in shambles, inflation was high, growth was down, but after Narendra Modi took over, he brought the country out of the economic mess," Prabhu said.

"The world is now looking forward to invest in our country. We need investment from other countries to not only build infrastructure but also to help eradicate poverty. Foreign investment in China helped eradicate its poverty," he said. He said that the growth of India under Prime Minister Narendra Modi has surpassed the growth of China.


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