Indian Railways Industry

Indian Railways (IR) posted a 25% growth in its revenues to Rs. 2.40 lakh crore (US$ 29 billion) for the financial year 2022-23 (FY23).

Advantage India

Growing
Demand

* India is projected to account for 40% of the total global share of rail activity by 2050.

* Vision 2024 has been envisaged to achieve targets of 2024 MT freight loading by 2024.

* In 2023-24, traffic revenue is estimated to be Rs 2,64,600 crore (US$ 32.18 billion), comprising 99.8% of the total revenue.

Attractive
Opportunities

* Indian Railways is developing and creating technology in areas such as signaling and telecommunication with 15,000 kms being converted into automatic signaling and 37,000 kms to be fitted with ‘KAVACH’, the domestically developed Train Collision Avoidance System.

Higher
Investments

* FDI inflows in railway-related components stood at US$ 1.40 billion from April 2000-December 2023.

* The government has laid an ambitious target to allocate US$ 1.4 trillion between 2019 and 2023, including investment to the tune of US$ 750 billion on the railway infrastructure by 2030.

Policy
Support

* In Budget 2024-25, capital outlay of Rs. 2.52 lakh crore (US$ 30.3 billion) has been allocated to the Ministry of Railways. to make advancements in railways.

* Government has allowed 100% FDI in the railway sector.

* Indian Railways crafted the National Rail Plan (NRP) for India - 2030 to develop a modern railway system.

Last updated: May, 2024

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