Given the ebbing of Covid-19 cases in February 2021, the government was expecting the national service to pull off a turnaround. The second wave of infections derailed the Railways’ plans, however. Last year, the Railways projected that the carrier would rake in Rs 61,000 crore from passenger services. In this year’s Budget, revised estimates show that Indian Railways would only achieve 70 per cent of its target. When actual numbers are announced next February, there may be a further decline.
Even before Covid-19, the Railways was consistently underperforming its budget targets. It budgeted Rs 56,000 crore from passenger services in 2019-20

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