Revenues from Indian Railways to reach to $44.5 billion by the end of FY20

Revenues from Indian Railways are estimated to reach to US$ 44.5 billion by the end of FY20, according to a recent report by Ministry of Railways. Indian Railways’ revenues increased at a CAGR of 9.66 per cent to US$ 27.71 billion during FY07-18. Revenue during April-May 2018 stood at Rs 28,349.29 crore (US$ 4.40 billion). Indian Railways has undertaken various measures to boost revenues including passenger earnings, freight earnings, parcel earnings, among others.