Indian Railways gets massive boost, shows record growth, check out impressive numbers

By: |
New Delhi | November 28, 2017 11:41 AM

In a major boost for Indian Railways, the national transporter has witnessed a hike in ridership. According to data recorded between April 1 and November 20, 2017, the national transporter has seen its passenger numbers grew by 6.58 per cent over the numbers achieved during the corresponding period in the last fiscal.

 indian railways, railways, indian railways passengers, indian railways passengers growth, rail ridership, rail annual passengers, piyush goyal, ministry of railwaysIn a major boost for Indian Railways, the national transporter has witnessed a hike in ridership. According to data recorded between April 1 and November 20, 2017, the national transporter has seen its passenger numbers grew by 6.58 per cent over the numbers achieved during the corresponding period in the last fiscal.

In a major boost for Indian Railways, the national transporter has witnessed a hike in ridership. According to data recorded between April 1 and November 20, 2017, the national transporter has seen its passenger numbers grew by 6.58 per cent over the numbers achieved during the corresponding period in the last fiscal. It has been learnt that ridership has risen in the long-distance category. This assumes significance as the Railways has been losing ridership since 2013-14 before showing a slight upward trend in 2016-17. Notably, in 2016-17, there was a growth of 1.4 per cent in passenger numbers over the previous year. Now, the Ministry of Railways has claimed that final numbers of this fiscal year will surpass the figures of 2016-17, Indian Express reported.

While the long-distance segment has shown tremendous growth, other categories like unreserved and suburban local train networks also posted good figures. The data shows that the Railways has added 50 million passengers this fiscal. This means the national transporter has shown an overall 1 percent growth over the same period last fiscal. Good news is that this growth has translated into extra earnings of Rs 1,579.22 crore.

The data further shows that First AC has posted a growth of 8.53 percent in a number of passengers this fiscal compared with last fiscal. AC II tier has shown a growth of 6.66 percent hike in ridership. AC-III tier has registered upward growth by around 1 percent over last year’s numbers.

This has come even after Railways had introduced its “Flexi Fare” in September 2016. “We have managed to add more passengers. We have not altered fares, neither have we run any major new products. So we attribute this growth to an increase in efficiency of service,” Mohammad Jamshed, Railway Board Member (Traffic).

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Finances under severe strain, can’t pay Rs 4 lakh ex-gratia to COVID-19 victims: Centre to SC
2UP govt relaxes night curfew by two hours from Monday
3Idea Exchange | Joining a party isn’t like joining a bank… Have more respect for guy in BJP for 40 yrs, than a Congressman who joins BJP: Jairam Ramesh