Growth of Aviation Industry in India - Infographic

• Total freight traffic registered a CAGR of 7.08 per cent over FY06-17
• During FY06-17, domestic freight traffic increased at a CAGR of 7.95 per cent, while international freight traffic grew at a CAGR of 6.58 per cent during the same period.
• In FY17, domestic freight traffic stood at 1,123.18 million tonnes, while international freight traffic was at 1,855.06 million tonnes.
• During FY17, domestic freight traffic increased at 7.39 per cent while international freight traffic increased at 11.86 per cent in comparison with FY16.
• By 2023, total freight traffic is expected to touch 4.14 million tonnes exhibiting growth at a CAGR of 7.27 per cent between FY2016 and FY23. In addition, international freight traffic is expected to grow at a CAGR of 7.13 per cent while domestic freight traffic is expected to grow at a CAGR 7.50 per cent between FY2016 and FY23.

Notes: 1From April to February 2018, *CAGR is calculated as sum of international and domestic traffic till FY17
Source: Airports Authority of India

• Witnessing a growth of 18.5 per cent over the previous year, total passenger traffic stood at a 264.97 million in FY17, which was recorded at 223.62 million in FY16 in India.
• Growth in passenger traffic has been strong since the new millennium, especially with rising incomes and low-cost aviation; during FY06-17, passenger traffic grew at a CAGR of 12.39 per cent in the country.
• By 2036, India is estimated to have 480 million flyers, which will be more than that of Japan ( just under 225 million) and Germany ( just over 200 million) combined.
• India has become the third largest domestic aviation market in the world and is expected to overtake UK to become the third largest air passenger* market by 2025.

Notes: CAGR – Compound Annual Growth Rate, FY – Indian Financial Year (April – March), 1April 2017 to February 2018, *CAGR is till FY17, *Air passenger – Domestic + International
Source: Association of Private Airport Operator, Airports Authority of India