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This book is a original and incisive monograph of Railway Reforms in India. It provides readers with an overview of the recent reforms in the organizational functioning of Indian Railways. It discusses the theoretical underpinnings of New Public Management, Capability Approach and Regulation and a perspective of Public Private Partnership in the second largest public sector undertaking the world. Drawing upon recent reforms in Indian Railways, this book provides a social, political and economic perspective its impact embedded in the railway reforms. This book explores that partial privatisation, better utilization of assests, and corporatisation or restructuring of management of the Indian Railways, are delivering results. Railway Reforms in India: A transition from Regulation to Privatization is an academic contribution to the field of public policy, administrative reforms and infrastructural development.