Freight Target 2024 MT - Year 2024 - Vision 2024

Vision 2024  - Year 2024 - Freight 2024 MT 

• FY 2023-24 - Target 2024 Million Tonnes  (as per Vision 2024 document - click here) 

 

• FY 2022-23 - Actual Freight - 1512 MT (Target is 1700 MT)

 

• 5.5 MT per day - Ambitious target fixed by Indian Railways (in 2022-23, it was 4.15 MT per day)  - Expected a tremendous growth rate of 32 % 

• Coinciding the Year 2024 with a target of 2024 MT

 

Year	Freight Loading      (in MT)	%
2017-18	1160
2018-19	1222	5 % increase
2019-20	1208	1 % decrease
2020-21	1231	2 % increase
2021-22	1418	16 % increase
2022-23 (Target)	1512	7 % increase
2023-24 (Target)	2024	32 % increase

• Target for Indian Railways   - modal share of 45 % of Total Freight Traffic by the Year 2030  as per NITI Aayog  ( In 2018-19 IR’s modal share is 27 % only)    

            

 Share - Mode of Transport  - 2018-19 Year

Mode	Share	Tonnes  (in Millions)
Roads	64 %	2912
Railways	27 %	1222
Coastal Shipping	5 %	234
Pipeline	2 %	84
IWT - Inland Water Transport	2 %	72
Total	100 %	4524

Key Points for MCQ 

1. 2022-23 Actual Freight - 1512 MT  (against the target of 1700 MT)

2. 2023-24 Freight Target - 2400 MT  

3. 2030 Year - Target 45 % of Total Freight Traffic (at present 27%) 

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