Rail passenger revenue zooms 76% YoY

The Indian Railways has recorded 76 per cent year-on-year (YoY) growth in its passenger revenue in the first eight months of this financial year. The national transporter garnered Rs 43,324 crore from its passenger services until November, against Rs 24,631 crore in the corresponding period last year, according to provisional data by the Ministry of Railways.

Proceeds from the reserved segment of the Railways grew by 50 per cent YoY to Rs 34,303 crore as against Rs 22,904 crore during the same period last fiscal year. Unreserved tickets, which had been in short supply during the two Covid years of FY21 and FY22, have garnered 422 per cent more YoY at 9,021 crore.

The aforementioned revenue during April-November 2022 is much higher than that generated during the same periods in 2018 and 2019, indicating a significant boost in the passenger revenue. While the Railways garnered Rs 33,900 crore during April-November in 2018, it generated Rs 35,255 crore during the same months 2019.