As of FY12, Indian Railways had 12,335 passenger trains carrying over 30 million passengers daily. On the commercial front, 975.2 million tonnes (MT) of freight was transported via trains in FY 12. Today, private sector companies are being encouraged to participate in rail projects, which were largely in the public domain.
Indian Railways revenues grew the fastest in three years to US$ 23 billion in FY 13, a 10.1 per cent year-on-year growth. During FY 07–13, revenues expanded at a compound annual growth rate (CAGR) of 11.5 per cent.
The government has increased the scope of public–private partnership (PPP), to beyond providing maintenance and other such supporting roles. It intends to raise investments worth US$ 18.4 billion through the PPP route.
Railways has set a target of a freight market share of 50 per cent by 2030 from 30 per cent in 2010. With rapid economic growth and increasing industrialisation, freight traffic is expected to touch 1,405 million metric tonnes (MMT) by FY 17.