India is the world’s fastest growing domestic aviation market, and has posted the fastest full year growth rate for three years in a row now
•India is the world’s fastest growing domestic aviation market, and has posted the fastest full year growth rate for three years in a row now.
•India’s Revenue Passenger Kilometre (RPK) growth of 17.5% was higher than the global average growth of 7% in 2017.
•At USD 16 billion, India’s aviation market is currently the 9th largest in the world and is projected to be the 3rd largest by 2020, and largest by 2030.
•More than 80 international airlines connecting to over 40 countries.
•Domestic passenger traffic crossed the 100 million mark in 2017, reaching 106 million in the January to November period.
•India is the fastest growing aviation market and is expected to cater to 478 million passengers by 2036.
•India is one of the least penetrated air markets in the world with 0.04 trips per capita per annum as compared to 0.3 in China and more than 2 in the USA (2016).