Railways registers highest revenue in 2017-2018

Railways registers highest revenue in 2017-2018

Despite facing stiff price competition from airline sector, the Indian Railways has registered a healthy growth in revenues from ticketing in the just concluded last fiscal without raising fares.

As per the official data, in 2017-2018, the national transporter earned Rs 50,000 crore from passenger fare, an increase of Rs 2,551 crore over previous fiscal.

Overall, the number of passengers travelling in trains have increased to 8267.32 million in 2017-2018 from 8219.38 million in 2016-2017, says data.

In terms of freight loading too, the railways have shown a positive trend with an increase in all commodities.  Overall, loading has seen an increase of 53.2 million tonnes with the total loading in 2017-2018 being 1162 million tonnes. To attract more freight, the national transporter is also planning to give a discount to bulk consumers like steel, fertilizer and coal.

When railways introduced a flexi-fare system for its premium trains like Rajdhani, Duronto and Shatabdi, there was an apprehension that passenger may shift to airlines which is also offering tickets at a competitive price. However, the increase in revenue indicates that such thing has not happened, said an official from railways.

In flexi-fare alone, the national transporter able raise Rs 2,296.75 crore in 2017-18 against 1,931.60 crores in 2016-17, said the official.

 

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