Archive · 23 Jul 2025
Indian Railways Spent ₹60,466 Crore on Subsidies in FY23-24
Imagine the train tickets cost less than what it actually costs to run the trains.
The Indian government gives money to the railways so that they can keep ticket prices low.
In the last year, they spent a lot of money, about 60,466 crore rupees, to help make train travel affordable for everyone.
This subsidy makes up almost half of the total cost of running the trains for passengers.
Recently, ticket prices went up a tiny bit, but only a little bit, and some tickets like the ones for people who take the train every day or in the suburbs, didn't change price.
Indian Railways spent ₹60,466 crore in FY23-24 on passenger subsidies.
The subsidy covers 45% of the total cost of passenger travel.
Railway Minister Ashwini Vaishnaw disclosed the information to the Lok Sabha.
Passenger fares were 'rationalized' from July 1, 2024, with minimal increases.
Monthly Season Ticket (MST) and suburban train fares remain unchanged.
- Who
- Indian Railways, Railway Minister Ashwini Vaishnaw, and Members of Parliament.
- What
- Indian Railways incurred a subsidy of ₹60,466 crore on passenger travel.
- When
- During the financial year 2023-24, and the fare rationalization happened from July 1, 2024.
- Where
- India
- Why
- To make train travel affordable.
Government's Perspective
Public Perspective
Fare Adjustments
Government's Perspective
Passenger fare rationalization was necessary for operational costs.
Public Perspective
Passengers may view fare increases negatively.
- Subsidy Amount
- ₹60,466 crore
- Subsidy Percentage
- 45% of passenger travel cost
- Fare Revision Date
- July 1, 2024
- Fare Increase Range
- Half paisa to two paisa per km
- MST & Suburban Fares
- Unchanged