Indian Railways Earns Rs 50,000 Crore From Passenger Fare in 2017-18

Indian Railways Earns Rs 50,000 Crore From Passenger Fare in 2017-18

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Date Of Post: 04 Apr, 2018

New Delhi: The railways has registered a healthy growth in revenues from ticketing last fiscal despite competitive prices on offer from airlines and without raising fares, official data shows. In 2017-18, the national transporter earned Rs 50,000 crore from passenger fare, an increase of Rs 2,551 crore over 2016-17.

More Information:

  • It has also recorded a spurt in the number of passengers with a 2% growth in suburban railway ticketing and 6.3% growth in bookings through PRS.
  • Official data shows that overall, the number of passengers travelling in trains have increased from 8,219.38 million in 2016-17 to 8,267.32 million in 2017-18.
  • The growth has been registered despite concerns over the railways losing out on passengers due to the dynamic pricing of airlines and also due to the flexi-fare system introduced in premium trains.
  • Flexi-fare scheme was introduced in September 2016 in Rajdhani, Duronto & Shatabdi trains.
  • While, in 2016-17, the total revenue in flexi-fare trains was Rs 1931.60 crore with 13.73 million passengers in 2017-18 till February, it rose to 14.08 million passengers and revenues of Rs 2,296.75 crore.
  • The average distance covered by trains across the railway network has also grown from 559 km in 2016-17 to 566 km in 2017-18.

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