Indian Railways reports strong financial recovery and growth

Indian Railways is in a strong financial position, according to Railways Minister Ashwini Vaishnaw. The organization has recovered from COVID-19 impacts, with increased passenger and cargo traffic. For 2023-24, revenue is projected at Rs 2.78 lakh crore, slightly exceeding expenses. The minister noted that Indian Railways subsidizes passenger fares, charging only 73 paise per kilometer compared to a cost of Rs 1.38. Despite rising fuel and wage costs, fares have not increased since 2020. The railways aim to maintain low fares while improving financial performance. Indian Railways is also focusing on safety and modernization, with significant achievements in infrastructure and production. By March 31, it is expected to rank among the top three countries in cargo capacity. The railways are also exporting coaches and components to several countries.