Monday, July 23, 2018

India to be world's third largest aviation market by 2025

India's aviation industry has been growing by leaps and bounds over the past few years, driven by government schemes, consistent increase in passengers, and investment by airlines.

Notably, according to the International Air Transport Association (IATA), India's civil aviation market is set to become the world's third largest aviation market by 2025.

A major driver of growth in the sector over the past few years has been government schemes like UDAN and NABH Nirman.

The former aims to connect 56 and 31 unserved airports and helipads respectively, while the latter aims to expand India's overall airport capacity by more than five times so that they can handle up to a billion trips annually.
23/07/18 Shiladitya Ray/NewsBytes

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