Railways passenger segment witnesses’ recovery from Covid-19

According to the Economic Survey 2022-23, the passenger traffic originating in IR was 8.09 billion during the pre-Covid period (2019-20), but had declined to 1.25 billion in 2020-21. It subsequently recovered to 3.52 billion in 2021-22. In terms of revenue, freight traffic was sustained by IR despite the Covid-19 shock. Between 2020-21 and 2021-22, there was a sharp increase in freight traffic, reflecting the strong revival of economic activity in the domestic economy.