Railways has earned a revenue of ₹1,91,162 crore so far in FY23

On total revenue till January 19 this year 1,91,128 crore, revenue earned from passenger and freight segments is approx. Railway Minister Ashwini Vaishnav posted on Twitter on Friday that this is 42,370 crore more than the previous financial year.

Estimated total revenue from traffic for FY23 2.4 trillion, an annual increase of 19% over FY22 revised estimates. In FY23, revenue from both freight and passenger traffic is also expected to grow at an annual rate of 14% and 32%, compared to the revised estimates for FY22.

As per the data, the total estimated earnings in passenger segment for Indian Railways during April to December 2022 on initial basis is Rs. 48,913 crore, registering a growth of 71 per cent as compared to Rs. 28,569 crore during the same period last year.

Also, the revenue generated from the reserved passenger segment has increased by 56% during this financial year so far. the figure stood 38,483 cr as against 26,400 crore in the same period last year.

The revenue generated from unreserved passenger segment between 1st April to 31st December is 10,430 crore as compared to Rs. 2,169 crore during the same period last year, showing a growth of 381%, the statement read.

In a release, the Ministry of Railways said that on a cumulative basis April-December this year, 1109.38 MT of freight was carried as against the loading of 1029.96 MT during the same period last year, which is an improvement of 8%.

The FY24 Rail Budget is expected to take measures to enhance resources while curbing unnecessary expenditure. Accordingly, 100% electrification of broad gauge line is expected to be completed in FY24, which can reduce the fuel bill of Railways by approx. 10,000 crores. Along with this, attention will also be given to increase the share of non-fare revenue sources in the total revenue of Railways. This can be done through monetization of enhanced assets, especially on the yet to be operational Dedicated Freight Corridors and also through sale and commercialization of railway land at key locations.