India's domestic air travel market would be among the top five globally, experiencing the second highest growth rate in domestic passenger traffic after Kazakhstan but before China, IATA said today.
Global airlines' body International Air Transport Association (IATA) released its Airline Industry Forecast 2012-2016, saying only Kazakhstan, India and China would experience double-digit growth in domestic passenger traffic during the period, recording 22.5, 13.1 and 10.1 per cent growth respectively, adding a total of 49.3 million new passengers.
"No other country is expected to experience double-digit growth rates over the forecast period," the IATA study said. By 2016, the five largest markets for domestic passengers would be the United States (710.2 million), China (415 million), Brazil (118.9 million), India (107.2 million) and Japan (93.2 million).
06/12/12 moneycontrol.com
