New Delhi: Indiahas been projected to be the second fastest growing country in the world for passenger traffic by the Airports Council International(ACI) in its traffic forecasts between 2017-40.
The AIC, a global trade body representing airports across the globe, has put Vietnamat the top position with a 8.5 per cent growth rate, followed by Indiaat 7.5 per cent and Iranat 7.3 per cent. Chinahas been placed at the 8th position with 5.9 per cent growth rate.
In its forecasts, the AIC said by 2022, passenger traffic in emerging economies like Indiawould surpass advanced economies. By 2040, international passenger traffic would attain parity with domestic traffic, meaning more and more number of people would travel off shore with heightened economic activities, it said.
By 2022, passenger traffic in emerging economies would touch 5.4 billion, slightly ahead of advanced economies at 5.3 billion.
The Asia-pacificregion would continue to show a healthy growth rate and between 2017-40, the passenger traffic growth rate would be 38.8 per cent, the fastest in the world. The growth in Europewould be 26 per cent and 8.4 per cent in North America, indicating that Asia-pacificregion would shape the future of the global Aviationindustry.
Describing the middle east at the Aviationbridge', the AIC said the strong growth in the region was because of its strategic location and liberalised market.
30/04/18 PTI/Business Standard
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The AIC, a global trade body representing airports across the globe, has put Vietnamat the top position with a 8.5 per cent growth rate, followed by Indiaat 7.5 per cent and Iranat 7.3 per cent. Chinahas been placed at the 8th position with 5.9 per cent growth rate.
In its forecasts, the AIC said by 2022, passenger traffic in emerging economies like Indiawould surpass advanced economies. By 2040, international passenger traffic would attain parity with domestic traffic, meaning more and more number of people would travel off shore with heightened economic activities, it said.
By 2022, passenger traffic in emerging economies would touch 5.4 billion, slightly ahead of advanced economies at 5.3 billion.
The Asia-pacificregion would continue to show a healthy growth rate and between 2017-40, the passenger traffic growth rate would be 38.8 per cent, the fastest in the world. The growth in Europewould be 26 per cent and 8.4 per cent in North America, indicating that Asia-pacificregion would shape the future of the global Aviationindustry.
Describing the middle east at the Aviationbridge', the AIC said the strong growth in the region was because of its strategic location and liberalised market.
30/04/18 PTI/Business Standard
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