India: Fastest growing Aviation Market |
India was the fastest growing domestic air travel market globally in 2018. With the country seeing 18.6% more people flying within the country than the previous year. The International Air Transport Association (IATA) on Thursday came out with the full year aviation data for 2018, which stated “India domestic market recorded the fastest full year domestic growth rate for the fourth year in a row”, followed by China. Speaking at the Global Aviation Summit 2019 in Mumbai last month, Civil Aviation Minister Suresh Prabhu said that the country needs 2,300 new aircraft to meet the future demand air travel demand, and is working on a blueprint to boost domestic manufacturing to meet the demand. The demand was a result to the robust economic expansion as well as by increasing number of domestic pairs - particularly in India, which recorded its 50th consecutive month of double digit annual growth in October. According to Directorate General of Civil Aviation, India had 13.9 crore domestic air travellers in 2018 - up 18.6% from 11.7 crore in 2017. The growth in 2017 over 2016 was 17.3%. And the growth in domestic flyers in 2016 over 2015 and 2015 over 2014 was 23.2% and 20.3% respectively.
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