THE INDIAN RAILWAYS has seen its passenger revenues growing 65% from ₹44,283 crore in 2015-16 to an estimated 73,000 crore in 2023-24, a growth rate that lagged nominal GDP growth (115%), and the growth in competing segments, such as aviation, during the nine-year period. The share of the passenger segment in the railways' gross traffic hovered around 25-28% during the last decade, excluding the pandemic years when it understandably shrank to a trickle.
Of course, the railways is expecting to earn 106.67 per passenger in 2024-25, almost double the rate of 54.62 in 2015-16. The passenger revenues haven't grown commensurately because of a dip in passenger volumes. The number of railway passengers in FY24(RE) is estimated at 6.8 billion, much lower than in the pre-pandemic period (in FY19, the passenger volume was 8.43 billion).
Esta historia es de la edición February 09, 2024 de Financial Express Mumbai.
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