Mumbai: Propped up by discounted air tickets and increased holiday travelling, India has become the fastest growing aviation market in the world in June, as indicated by the statistics available with International Air Transport Association (IATA).
In June, the country registered a year-on-year growth of 16.3% in domestic air passenger traffic, which is more than double the global growth of 6.5% during the same period.
India posted the highest growth among the seven major international markets including the US and China. China, which is witnessing an apparent slow down in its economy, trailed India, clocking a growth of 12.1%. Russian Federation saw a growth of 9.5%. Australia, on the other hand, witnessed a decline of 2.1%.
07/08/15 Shahkar Abidi/Daily News & Analysis
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In June, the country registered a year-on-year growth of 16.3% in domestic air passenger traffic, which is more than double the global growth of 6.5% during the same period.
India posted the highest growth among the seven major international markets including the US and China. China, which is witnessing an apparent slow down in its economy, trailed India, clocking a growth of 12.1%. Russian Federation saw a growth of 9.5%. Australia, on the other hand, witnessed a decline of 2.1%.
07/08/15 Shahkar Abidi/Daily News & Analysis
