The total expenditure of the Indian Railways at the end of the fiscal year 2023 was around *** trillion Indian rupees. This was estimated to increase to about *** trillion rupees in 2025. The system is operated by the Ministry of Railways and is the fourth-largest railway network across the globe.Ìý
Cost breakdown
The Indian Railways spent more than ** percent of working expenses on their staff. This was followed by appropriationsÌýrelated to the pension fund and costs related to fuel. Employee salaries and pension related costs composed around two-third of its expenditure. This expense kept increasing with the implementation of each new pay commission. With more than *** million employees, Indian Railways was the seventh-largest employer in the world. Engineers were the largest personnel group in the company.
Revenue distribution
The Indian Railways earned around *** trillion Indian rupees in the financial year 2023. Rail freight constituted the highest share of revenue. In the passenger rail traffic segment, most of the income was from non-suburban rail-passenger traffic. Some other sources of revenue were non-passenger coaching and suspended accounts.
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PRS Legislative Research. (July 30, 2024). Total revenue expenditure of Indian Railways from financial year 2001 to 2025 (in billion Indian rupees) [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 14, 2026, from /statistics/623476/railway-expenditure-india/
PRS Legislative Research. "Total revenue expenditure of Indian Railways from financial year 2001 to 2025 (in billion Indian rupees)." Chart. July 30, 2024. ÌÇÐÄÆÆ½â°æ. Accessed July 14, 2026. /statistics/623476/railway-expenditure-india/
PRS Legislative Research. (2024). Total revenue expenditure of Indian Railways from financial year 2001 to 2025 (in billion Indian rupees). ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 14, 2026. /statistics/623476/railway-expenditure-india/
PRS Legislative Research. "Total Revenue Expenditure of Indian Railways from Financial Year 2001 to 2025 (in Billion Indian Rupees)." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 30 Jul 2024, /statistics/623476/railway-expenditure-india/
PRS Legislative Research, Total revenue expenditure of Indian Railways from financial year 2001 to 2025 (in billion Indian rupees) ÌÇÐÄÆÆ½â°æ, /statistics/623476/railway-expenditure-india/ (last visited July 14, 2026)
Total revenue expenditure of Indian Railways from financial year 2001 to 2025 (in billion Indian rupees) [Graph], PRS Legislative Research, July 30, 2024. [Online]. Available: /statistics/623476/railway-expenditure-india/