INDIAN RAILWAYS AT A GLANCE IN 2022 - 2023
The Indian Railways had a 25% growth in its revenues to Rs. 2.40 lakh crore (US$ 29 billion) for the financial year 2022-23. India is projected to account for 40% of the total global share of rail activity by 2050. Indian railways is the fourth largest in the world after the US, China, and Russia. India's railway network is recognised as one of the largest railway systems in the world under single management. Indian Railways aims to achieve 100% electrification of all broad-gauge routes by 2023.
Industry size
• The Indian Railways boasts of over 22,593 operating trains (9141 freight and 13,452 passengers) with a daily passenger count of 24 million passengers and 203.88 million tonnes of freight.
• In FY22 passenger traffic stood at 3.54 billion as compared to 1.28 billion in FY21.
• In FY 2022-23, railway freight volume stood at 1,109.38 MT with a year-on-year growth of 8%.
• India is among the top 3 exporters of railways globally as of 2022.
• Indian Railways’ revenue reached US$ 5.21 billion in the third quarter of FY 2023.
• The total passenger revenue stood at US$ 8.51 billion during 2022-23.
• Total revenue from traffic is estimated to be Rs. 2,64,600 crore (US$ 32.18 billion), which comprises 99.8% of the total revenue.
Investments in Indian RailwaysFDI of US$ 1.229 billion was pumped into the Railway industry in 2022-2023.
Rail infrastructure will see an investment of Rs 50 lakh crore (US$ 715.41 billion) by 2030.
Government InitiativesUnder the Union Budget 2023-24, capital outlay of Rs. 2.40 lakh crore (US$ 29 billion) has been allocated to the Ministry of Railways.
