Aviation Industry

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 scheduled domestic airlines have increased by 29% from 148 million in April 2012 – March 2014 to 190 million in April 2014 – March 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.