11 Days agoThe world's ninth-largest civil aviation market with a market size of USD 16 Billion, the Indian aviation industry is expected to become the world's largest by 2030. Growing 20% annually, it's among the world's five fastest growing markets.
India is the ninth-largest civil aviation market in the world and presently has a market size of USD 16 billion. The industry is poised to become the third-largest aviation market by 2020 and the largest by 2030. It is among the five fastest- growing aviation markets globally, growing at over 20% year over year.
The passengers carried by domestic airlines has increased by 41% from 129 million in Jan 2013- December 2014 to 181 million in Jan 201-Dec 2016.
The growth of the industry is being propelled by the development of airports, presence of several low-cost carriers, a liberalized FDI policy, increasing adoption of information technology, and focus on improving regional connectivity.Click here to view full achievement report