Indian Railways’ passenger revenues up 76% in April-Nov; on track to exceed budget target

Indian Railways’ passenger revenues rose a whopping 76% on year to Rs 43,324 crore in the first eight months of the current financial year, indicating that the full-year earnings target from this segment will be exceeded by a decent margin.

Railways has set Rs 58,500 crore passenger revenue earnings target for FY23, an increase of 50% over the actuals of Rs 39,104 crore in FY22.