Advantage India
Growing
Demand
* India is projected to account for 40% of the total global share of rail activity by 2050.
* In FY25*, railway traffic revenue is estimated to be Rs. 2,78,600 crore (US$ 32.07 billion), comprising 99.4% 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
*Foreign Direct Investment (FDI) inflows in railway-related components stood at Rs. 9,155 crore (US$ 1.42 billion) from April 2000-September 2024.
* 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
* Government has allowed 100% FDI in the railway sector.
* Starting November 1, 2024, Indian Railways has revised its ticket booking rules by reducing the Advance Reservation Period (ARP) from 120 days to 60 days.
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