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The Country is likely to have 855 Million Air Travelers in 2030-31, The Government Told Parliament Today 

The country is likely to have 855 million air travelers in 2030-31, the government told Parliament today

Aviation Industry Growth

It is believed that the global Aviation Industry will reach up to 33.8 billion US dollars in profits in 2018, up from only 8.3 billion US dollars in 2011. Between 2017 and 2036, the number of Airline passengers is expected to grow at a compound annual Growth rate (CAGR) of 4.7 percent.

Indian Aviation Industry

Latest update: June, 2018

  • Total freight traffic registered a CAGR of 7.08 per cent over FY06-17
  • During FY06-17, domestic freight traffic increased at a CAGR of 7.95 per cent, while international freight traffic grew at a CAGR of 6.58 per cent during the same period.
  • In FY17, domestic freight traffic stood at 1,123.18 million tonnes, while international freight traffic was at 1,855.06 million tonnes.
  • During FY17, domestic freight traffic increased at 7.39 per cent while international freight traffic increased at 11.86 per cent in comparison with FY16.
  • By 2023, total freight traffic is expected to touch 4.14 million tonnes exhibiting growth at a CAGR of 7.27 per cent between FY2016 and FY23. In addition, international freight traffic is expected to grow at a CAGR of 7.13 per cent while domestic freight traffic is expected to grow at a CAGR 7.50 per cent between FY2016 and FY23.
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