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Pending disaster on the tracks as city metros overstate ridership numbers

Long commuter queues formed outside Delhi’s biggest metro interchange station, Rajiv Chowk, on each day of this Diwali week. As a sign of return to normalcy in the economy, it was an impressive demonstration. But despite their size, these queues will not make up for the financial stress that is rapidly building up in the metro network in Indian cities, as ridership falls away rapidly in the wake of the Covid pandemic.  “There is a distinct possibility that some of the metro networks could become the next large bad loans for the Indian financial sector,” said O P Ag.....

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