Railway Minister Ashwini Vaishnaw highlighted a remarkable achievement for Indian Railways in a recent announcement: offering the lowest railway fares among neighboring countries. Let us get into the details of this announcement, exploring the implications for passengers and the broader context of railway subsidies in India.
India's Competitive Edge in Railway Fares
India's railway system is not only one of the largest in the world but also one of the most affordable. According to Railway Minister, the fare for a 350-kilometer journey in India is just INR 121, significantly lower than in neighboring countries like Pakistan (INR 436), Bangladesh (INR 323), and Sri Lanka (INR 413). This affordability is a result of a substantial 47% passenger subsidy provided by the Indian government.
No Fare Hikes Since 2020
One of the key points emphasized by the Railway Minister is that there have been no fare hikes since 2020. Despite the financial challenges posed by the COVID-19 pandemic, Indian Railways has managed to maintain its fare structure, ensuring that train travel remains accessible to the masses.
Financial Health and Subsidies
The financial health of Indian Railways has been a topic of discussion, especially in light of the significant subsidies provided to passengers. The actual cost of travel per kilometer is INR 1.38, but passengers only pay 73 paise per kilometer, thanks to the government's subsidy. This subsidy, which amounted to INR 60,000 crore annually, underscores the government's commitment to making rail travel affordable.
Comparison with Western Countries
Minister Vaishnaw also pointed out that train travel in India is five times cheaper than in European countries. This stark contrast highlights the efficiency and cost-effectiveness of India's railway system, which continues to serve millions of passengers daily.
Safety and Technological Advancements
In addition to affordability, Indian Railways has made significant strides in safety and technology. The number of railway accidents has decreased by 90% compared to previous years, thanks to reforms and the introduction of new technologies. This focus on safety ensures that passengers can travel with peace of mind.
India's railway fare subsidy is a testament to the government's dedication to providing affordable and safe transportation for its citizens. As the country continues to invest in its railway infrastructure, passengers can look forward to even better services and more efficient travel options.