India’s aviation sector is witnessing monumental expansion, with airports and airlines adding capacity amidst surging traffic post-pandemic. India is fortifying to handle over 1.3 billion passengers annually in the next 20 years. There are currently 148 airports in the country, and it is the third-largest domestic market in the world in terms of seat capacity. This is indeed an exciting phase that the aviation industry in India is witnessing post-pandemic era.
Commenting on the same, Praveen says, “The fact that India’s aviation industry has unbridled growth potential is exhilarating. The rising growth of India’s middle-class segment, infrastructure development and a supportive policy framework has given a commendable boost to the aviation sector. Since December 2022, the industry has been consistently witnessing over 4 lacs passengers daily, indicating that the demand for air travel is bouncing back with a strong force. The environment is ripe and perfect for airlines to utilise the increasing travel demand and chart out their next phase of growth.”
Adding to the enthusiasm, Praveen reiterates that the Indian aviation market has ample space for multiple airlines to thrive. “Absolutely,” he remarks. “We are one of the most populous countries in the world and yet relatively underserved in terms of airline capacity. According to MOCA’s projection, India is projected to have 40 crore air travellers on domestic and international routes by 2027 and will breach the 50 crore mark by 2030. We need multiple, well-run airlines to fulfil this swell in demand. The Indian aviation sector is extremely promising, with a bright future with unlimited potential ahead and the market is large enough for many carriers to profitably participate,” adds Praveen.
この記事は Travel Trade Journal の July 2023 版に掲載されています。
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この記事は Travel Trade Journal の July 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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