The Indian Railways is on track to surpass the revenue target of Rs 1.5 lakh crore, following the recent milestone of earning Rs 1 lakh crore from freight. Although the overall revenues have increased by 6.5% during this fiscal year, they fall short of the annual growth target of over 9% set for 2023-24. Despite this, railway officials remain optimistic about achieving the annual target, as economic activity is expected to pick up post-monsoon, resulting in increased goods loading, a TOI report stated.
During the financial year up to October 13, passenger revenue reached Rs 43,101 crore. The introduction of trains like Vande Bharat has contributed to a 7% increase in earnings from reserved passengers, amounting to Rs 31,875 crore. However, there has been a 4.7% decrease in the number of passengers, totaling 47.4 crore. This indicates that the revenue per passenger has increased.
