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Where are the funds? Free public transport has appeal but doesn't add up

The biggest drawback to free public transport schemes is the lack of funds from fares to cover maintenance and upgrades

Modi
Modi

International investors are heading to India following the re-election of business-friendly Narendra Modi as prime minister. The $5.4 billion iShares MSCI India exchange-traded fund, ticker INDA, lured more than $182 million last week, the most in more than four years, data compiled by Bloomberg show. Investors also added the most since September to the $1.5 billion WisdomTree India Earnings Fund, or EPI, in the period through ...