India: Fastest growing aviation market

India has become the world’s fastest growing domestic travel market for the 22nd time in a row, recording a 26.6 per cent year-on-year growth in January 2017, according to the International Air Transport Association (IATA).  "All markets except Brazil showed growth, paced by double-digit increases in China, India and Russia," according to IATA. 

In another important development in this sector, Indira Gandhi International Airport (IGIA), New Delhi, has been ranked as the world's second best airport in the largest airport category marking a significant improvement from being number one airport in the smaller airport category in the previous year, as per 2016 rankings by the Airports Council International (ACI). “This achievement marks a significant improvement from the previous year’s rating, where the airport was No.1 in a smaller category of 25-40 million passengers per annum and no.6 globally. Delhi Airport has now joined the elite club of international airports handing over 40 MPPA,” said GMR Group-led Delhi International Airport Ltd.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.