India to become third largest aviation market in next 10 years

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.

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