Railways, the country's largest employer, may go into a 'debt-trap' and become an Air India" due to the present Suresh Prabhu-led ministry's policy of borrowing, former rail minister Dinesh Trivedi said while sounding a strong note of caution on the issue of a dip in its revenue.

"I think railways is absolutely in the dumps... railways is going the Air India way, in short. You can perhaps live without Air India, but not without Indian Railways," he told PTI on the sidelines of an event late last evening. "You would be in a debt trap. Absolute debt trap," warned Trivedi, who was replaced as railway minister by the previous UPA government after he presented what analysts had welcomed as being a reformist budget.