Railways' FY26 operating ratio may be pegged at best in 5 yrs

The Union budget may peg Indian Railways' operating ratio at its best in five years in FY26 on higher freight revenue and increased central funds, two people aware of the matter said.

- Subhash Narayan

Operating ratio, a measure of operational efficiency, is the ratio of the amount spent to earn every ₹100. A higher ratio signals a weak ability to generate a surplus, while a lower operating ratio means the Railways can spe