India defends Vande Bharat pricing against international benchmarks

India’s railways minister told Parliament that Vande Bharat AC chair car fares for 300–400 km trips are about ₹2.19 per passenger-km versus roughly ₹7–₹20 per passenger-km for comparable services in China, Japan and France.
India defends Vande Bharat pricing against international benchmarks
Why it matters
The disclosure signals the government is prioritizing affordability over yield on premium intercity rail, which constrains near-term headroom for fare hikes on Vande Bharat services. Operators and suppliers should plan for expansion driven by volume growth rather than higher ticket pricing, affecting revenue assumptions for onboard services and station retail tied to passenger throughput. The comparison also sets a public benchmark that can be used to justify continued fare policy in future budget and subsidy discussions.
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