Indian aviation market to be third largest by 2020

Indian aviation market to be third largest by 2020

Submitted by alvin on Mon, 2016-06-13 15:44 The Indian aviation market is flying high. It is set to become the third largest in the world by 2020. With 81 million trips, the domestic market grew at about 19�uring the 12 months up to March 31, 2016 — the highest in the world. The metrics include passenger growth, aircraft growth, and freight growth.For the period April-March 2015-16, passenger traffic increase was 17�oy while rise in aircraft was 11.9�oy when compared to the same period in 2014-15.Experts attribute the growth to lower fuel price, expanding middle class and high GDP growth.Rajiv Chib, director (aerospace