General Overview
The civil Aviation industry in India has emerged as one of the fastest growing industries in the
country during the last three years. India is currently considered the third largest domestic civil
aviation market in the world. India is expected to become the world’s largest domestic civil
aviation market in the next 10 to 15 years, as per a Union Minister.
According to the Directorate General of Civil Aviation, domestic passenger traffic witnessed
growth at a rate of 22 per cent in FY17, in comparison 21.24 per cent in FY16.
International passenger traffic registered growth at a CAGR of 8.33 per cent over FY06-17.
During FY17, domestic passenger traffic increased by 22 per cent in comparison with growth
rate of 21.24 per cent in FY16.
Aviation Industry Growth
According to International Air Transport Association IATA, India will displace the UK for the third place in 2025. The Indian Aviation industry has expanded a lot, driven by factors such as low-cost carriers (LCCs), modern airports, Foreign Direct Investment (FDI) in domestic airlines, advanced information technology (IT) interventions and growing emphasis on regional connectivity. Air traffic in India rose 15.80 per cent year-on-year to 280.24 million during April-February 2017-18. Witnessing a growth of 18.50 per cent over the previous year, total passenger traffic stood at a 264.97 million in FY17. India’s passenger traffic grew 15.80 per cent y-o-y to 280.24 million during April-February 2017-18.
Aviation Industry Forecast
India is expected to become the third largest Aviation market by 2020 and is expected to be the
largest by 2030
INDIAN AVIATION INDUSTRY AT A Glance IN 2016 - 2017
