India is poised to become the third largest aviation market in the next 10 years. The International Air Transport Association (IATA) said that as the world’s largest democracy with a population of more than 1.3 billion citizens, India has considerable potential for further aviation growth.
It may be recalled that India’s domestic aviation sector has been registering a double-digit growth for more than two years and is also one of the fastest growing in the world.The IATA noted that the growth would be driven by a trebling in the proportion of middle-class households over the next 20 years, among other factors.
However, the railways continue to be the country’s transportation lifeline, carrying 8.1 billion passengers each year – 58 times more than Indian airlines. But, the growth among rail passangers is not so impressive. The number of rail users has increased by just 1 per cent per year since 2010, and the current level of usage is just 2.2 times the level of 1980.