The civil aviation market in India is all set to become the world's third largest by 2020. During September 2016, domestic airlines carried over 8.23 million passengers, showing a growth of more than 23 per cent compared to the same period last year. By 2020, passenger traffic at Indian airports is expected to increase to 421 million.
Domestic passenger traffic expanded at a compound annual growth rate (CAGR) of 11.8 per cent over FY06–15. It is expected to touch 209 million by FY17. International passenger traffic posted a CAGR of 9.5 per cent over FY06-15 and is set to touch 60 million by FY17.
The Government of India has launched regional connectivity scheme named UDAN (Ude Desh ka Aam Nagrik) to make flying affordable for common man.
The Government of India (GOI) envisions airport infrastructure investment of US$ 11.4 billion under the Twelfth Five Year Plan (2012-17). It has opened airport sector to private participation, six airports across major cities are being developed under the PPP model. The Airports Authority of India (AAI) aims to bring around 250 airports under operation across the country by 2020.
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