India’s star is burning bright. According to a report by global aircraft manufacturing giant Airbus, India is well on its way to becoming the third largest aviation market by 2034.
Traffic serving the Indian market is already projected to grow at 8.4 per cent per year over the next 20 years, well above the world average 4.6 per cent. Domestic Indian traffic is set to grow even faster - at 9.3 per cent, making India the world’s leading emerging aviation market.
The growth is set to be driven by a burgeoning middle class who are beginning to find air travel a viable mode of transport. Formerly the exclusive domain of the rich, plunging air ticket prices and a competitive market has opened up the sector to the middle class.
18/03/16 The New Indian Express
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Traffic serving the Indian market is already projected to grow at 8.4 per cent per year over the next 20 years, well above the world average 4.6 per cent. Domestic Indian traffic is set to grow even faster - at 9.3 per cent, making India the world’s leading emerging aviation market.
The growth is set to be driven by a burgeoning middle class who are beginning to find air travel a viable mode of transport. Formerly the exclusive domain of the rich, plunging air ticket prices and a competitive market has opened up the sector to the middle class.
18/03/16 The New Indian Express
