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Indian Railways Sold 116M E-Tickets For $1.72 Bn In FY 2011-12

(by Vikas SN & Nikhil Pahwa) Indian Railways reported total revenues of Rs 9498 crores (approximately $1.7 billion) and sold 116 million tickets through IRCTC in 2011-12, according to a Right To Information request filed by Manoranjan Roy, The Economic Times reports. The article points out that the railways earned as much as Rs 198.8 crore (approx $36 million) through E-Ticket cancellations for the financial year 2011-12 (until December 2011) and Rs 235.37 crores (approx $42.79 million) the previous fiscal year. Cancellations and high failure rates are common on the IRCTC website, and while only around 45% of railways ticketing is through the site, it typically reports failure rates of between 25% to 30%. For example, for April 2012, IRCTC reported 12.95 million transactions, of which only 73.05% were successful. There's more information on IRCTC cancellations in the Economic Times article, but readers…

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