Indian Economy News

Air passenger traffic in India expected to reach 300 million by 2030: Union Civil Aviation Minister Mr. Jyotiraditya Scindia

  • IBEF
  • January 19, 2024

Union Civil Aviation Minister Mr. Jyotiraditya Scindia announced that India anticipates a surge in annual domestic air passengers to 300 million by 2030, up from 153 million in 2023, highlighting the country's vast untapped market. Speaking at the inaugural session of Wings India 2024, Scindia praised India's significant progress in civil aviation under Prime Minister Mr. Narendra Modi's leadership, projecting an increase in airports and waterdromes to over 200 from the current 149. Despite the expected growth, he emphasized that with 300 million passengers annually by 2030, India's aviation penetration would still be at 10-15%, signifying substantial potential for future expansion. He highlighted India's robust aviation growth in the past decade, achieving a 15% Compound Annual Growth Rate (CAGR) in domestic air passenger traffic and 6.1% in international air passenger traffic. He positioned India as the third-largest domestic civil aviation market globally, the seventh-largest international civil aviation market, and the fifth-largest when combining both segments. Over the last 15 years, domestic and international cargo traffic witnessed 60% and 53% growth rates, respectively. Scindia expressed confidence in domestic air traffic, reaching 300 million by 2030, a significant increase from 60 million in 2014.

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