Passenger earnings of Indian Railways increases at a CAGR of 10% in 2018

Revenues from the passenger segment of Indian Railways have increased at a CAGR of 9.90 per cent to US$ 7.55 billion in FY18 from US$ 2.67 billion in FY07, according to a Railways report by India Brand Equity Foundation (IBEF). Passenger earnings of Indian Railways stood at Rs 8,534.71 crore (US$ 1.32 billion) during April-May 2018. With eight metro rail networks spread over a length of 370 kilometres (km) and over two dozen metro projects lined up, India’s metro rail network is expanding at a fast pace.