Explanation:
Only 57% of the expenses for urban trains and 40% for suburban trains have been recuperated, a fact that regular train travelers might have observed through ticket prices.
Despite these challenges, Indian Railways has achieved a remarkable milestone in the 2022-23 fiscal year, reporting a record revenue of ₹2.40 lakh crore. This represents a substantial increase of almost ₹49,000 crore compared to the previous year, as highlighted in a ministry statement on Monday. Notably, the freight revenue experienced a significant uptick, reaching ₹1.62 lakh crore, marking a robust growth of nearly 15% from the preceding year, as reported by NDTV on April 18, 2023.