The Government of India(GOI) has opened the passage for private players in Indian Railways(IR) recently. Critically analyse and explain the need for privatisation of Indian railways and also discuss its various advantages and disadvantages.

Source - News collected from daily newspaper The Hindu and framed into a question.

Significance - Due to carelessness and other issues of Indian railways government has decided to make it private but is it really worth? Significance is to go in deep about the cause and decision and support the right decision.