Railways' freight revenue may revive in 5 months, passenger income in 9: Study

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Railways' freight revenue may revive in 5 months, passenger income in 9: study

09 Sept 2020

1 min read

The Railways' freight revenue is expected to recover within the next four to five months, but passenger revenue may take more than nine months to revive completely from the effects of the COVID-19 pandemic, a study has found.

The study by Praxis Global Alliance, a leading management consulting and advisory firm, and Zetwerk, an Indian B2B marketplace for manufacturing products and services, highlighted the impact of COVID-19 on the transport sector and shows that the expected annual growth rate for railways will be 10-12 per cent between FY19-24.

A full article was originally published on Business Standard.

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Railways' freight revenue may revive in 5 months, passenger income in 9: Study | PraxisGA