The Indian Railways is among the world’s largest rail networks. The Indian Railways route length network is spread over 1,23,236 km, with 13,452 passenger trains and 9,141 freight trains from 7,349 stations plying 23 million travellers and 3 million tonnes (MT) of freight daily. India's railway network is recognised as one of the largest railway systems in the world under a single management system.
The Indian Railways’ revenues increased at a CAGR of 6.20 per cent during FY08-FY19 to US$ 27.13 billion in FY19. Earnings from the passenger business grew at a CAGR of 6.43 per cent during FY07-FY19 to reach US$ 7.55 billion in 2018-19P. Freight revenue rose at a CAGR of 4.30 per cent during FY08-FY19 to reach US$ 18.20 billion in 2018-19.
The gross revenue stood at Rs 145,333.61 crore (US$ 20.79 billion) in FY20P (up to January 2020). Passenger earnings of Indian Railways is estimated at Rs 44,279.72 crore (US$ 6.34 billion) in FY20 (up to January 2020). Freight earnings in FY20 (up to January 2020) stood at Rs 92,960.65 crore (US$ 13.30 billion).
India’s exports of railways have grown at a CAGR of 31.51 per cent during the last eight year period to US$ 507.90 million. Exports of railways in 2019E stood at US$ 635 million.
Foreign Direct Investment (FDI) inflows into Railways Related Components from April 2000 to December 2019 stood at US$ 1,070.93 million.
In the next five years, the Indian railway market will be the third largest, accounting for 10 per cent of the global market. Indian Railways, which is one of the country's biggest employers, can generate one million jobs, according to the Union Minister for Railways and Coal.
Indian Railways is targeting to increase its freight traffic to 3.3 billion tonnes by 2030 from 1.1 billion tonnes in 2017. It is projected that freight traffic via the Dedicated Freight Corridors will increase at a CAGR of 5.4 per cent to 182 MT in 2021–22 from 140 MT in 2016–17.
Indian Railways plans to run on 100 per cent electricity by 2024 and become a net-zero emission network by 2030.