Air traffic to double in five years: Assocham

New Delhi: The air passenger traffic in the country is poised to double in five years with more disposable income and growing consumerism of the Indian middle class, industry body Assocham said today.
Passenger traffic in India is projected to double in five years and triple in nine years from now. The growth in the domestic and international cargo traffic is also estimated to reach 4.5 per cent and 12 per cent over next 10 years.
Disposable income in India has gone up by five times in past two decades and the expenditure on transportation has risen from six per cent to 14 per cent in the same period, the chamber said.
The drop in fares and conversion of premium rail travellers, the addressable population for the airlines industry is likely to grow by 10 per cent year on year in the next three years.
The Indian aviation sector has impressive growth in both passenger and cargo traffic after the arrival of several low cost carrier since 2003.
20/09/07 PTI/The Hindu

To Read the News in full at Source, Click the Headline

Categories: General Aviation Sep 2007