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

* Increasing urbanisation and rising income (both urban and rural) is driving growth in the passenger segment.

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

* 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-September 2023.

* Rail infrastructure will see an investment of Rs 50 lakh crore (US$ 715.41 billion) by 2030.

* Railway infrastructure investment is expected to increase from US$ 58.96 billion in 2013-17RE to US$ 124.13 billion by 2018-22E.

Policy
Support

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

* In January 2021, the Ministry of Railways rolled out a new iron ore policy governing allocation of rakes and transportation of iron ore.

Last updated: Feb, 2024

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