340 million passengers, 330 million tons of freight, India's aviation sector is ranked 3rd in the world

New Delhi, 21 December 2020 Monday

The Indian aviation sector is one of the fastest growing industries in the country during the Corona era, the aviation industry has stagnated in other parts of the world, and India's aviation sector is expected to overtake Britain in terms of passenger market in 2024.

In the financial year 2019-20, passenger traffic in India was 34.10 crore, in the last 4 years it has increased from CAGR of 11.30 per cent, meanwhile domestic passenger traffic was 27.45 crore, domestic traffic grew at an annual rate of 12.91 per cent, international passenger traffic from India was 6.65 crore.

In terms of freight traffic, it has reached 3.3 million tonnes in 2019-20 at an annual rate of 5.32 per cent in the last four years. The Government of India is making continuous efforts to increase air traffic, with a total of 103 airports operating in India by March 2019. There are plans to increase the number to 200 by FY2039-40.

Thus the number of airplanes could increase to 1100 by the year 2027, with Indigo having a maximum of 250 airplanes, and before Covid in January it was operating about 1500 flights per day, an estimated India needs about 2400 commercial planes by the year 2038. Will fall.

From April 2000 to March 2020, the Indian airport sector received about 75 2.75 billion (about Rs 20,000 crore) in FDI, with the government allowing 100 FDI in the sector.