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SERVICE SECTOR
Services Air passenger y-o-y% Rail y-o-y% Port y-o-y% Number of mobile y-o-y%
PMI traffic freight Cargo traffic subscribers
(in million) (million ton) (million ton) (in million)
FY22 52.30 166.9 1417.6 720.3 1166.9
FY23 57.30 ▲ 270.3 ▲ 61.9 1512.0 ▲ 6.6 768.0 ▲ 6.6 1032.1 ▼ -11.6
FY24 60.00 ▲ 306.8 ▲ 13.5 1602.0 ▲ 5.9 802.1 ▲ 4.4 886.7 ▼ -14.1
Dec-23 59.00 27.4 141.7 69.9 904.5
Jan-24 61.80 ▲ 26.2 ▼ 5.0 146.5 ▲ 9.3 72.5 ▲ 3.4 911.0 ▲ 8.6
Feb-24 60.60 ▼ 25.4 ▼ 5.8 139.4 ▼ 12.4 66.9 ▼ 2.1 916.8 ▲ 9.2
Mar-24 61.20 ▲ 26.9 ▲ 4.7 158.5 ▲ 9.6 73.9 ▲ 2.7 924.0 ▲ 9.2
Apr-24 60.80 ▼ 26.5 ▼ 3.9 133.0 ▼ 5.2 67.3 ▼ 34.7 928.4 ▲ 9.1
May-24 60.20 ▼ 27.9 ▲ 5.9 142.6 ▲ 6.3 72.0 ▲ 5.9 935.1 ▲ 9.1
Jun-24 60.50 ▲ 26.6 ▼ 6.9 138.3 ▼ 12.4 69.1 ▼ 4.3 940.7 ▲ 9.2
Jul-24 60.30 ▼ 26.2 ▼ 7.6 132.1 ▼ 6.6 70.1 ▲ 5.8 946.1 ▲ 9.0
Aug-24 60.90 ▲ 26.5 ▲ 6.7 123.0 ▼ -3.1 69.6 ▼ 6.7 949.2 ▲ 8.3
Sep-24 57.70 ▼ 26.2 ▼ 7.4 125.0 ▲ 1.2 65.6 ▼ 5.9 944.4 ▼ 6.7
Oct-24 58.50 ▲ 27.5 ▲ 9.6 133.0 ▲ 3.1 68.2 ▲ -3.2 941.5 ▼ 6.0
Nov-24 58.40 ▼ 28.9 ▲ 13.9 133.0 _ 3.6 67.5 ▼ -4.8 944.7 ▲ 5.4
Dec-24 59.30 ▲ 30.4 ▲ 10.8 144.0 ▲ 1.6 72.1 ▲ 3.1 945.0 ▲ 4.5
Jan-25 56.50 ▼ 29.9 ▼ 14.1 149.0 ▲ 1.7 77.0 ▲ 6.2 NA
Feb-25 59.00 ▲ 28.5 ▼ 12.1 136.0 ▼ -2.4 71.2 ▼ 6.6 NA
Note: The movement in arrows denotes the improvement/deterioration vis-à-vis the previous month. NA is not available
QUARTERLY JOURNAL OF ECONOMICS 45
APRIL 2025
