India is now having the third-largest aviation market in the world. The country’s airline has been through a lot of development in the past 10 years. People of Tier 2 and Tier 3 cities are taking the most benefit. India will soon lead in the domestic aviation market. From 209 airlines to 605 airlines, the country’s growth is appreciable. President of India, Droupadi Murmu, shares the report in her joint sitting of Parliament. Let us have a detailed overview of domestic aviation’s development in the last ten years below.
India Now Becomes The Third Largest Domestic Aviation Market In The World
India is now the third-largest domestic aviation market in the world. The country is on a continuous journey for the development of its aviation market. The course mentions that 2014 has only 209 airline sectors. However, the number increased to 605 in April 2024. It is a big achievement for the country. A lot of people from Tier 2 and Tier 3 take its benefit. Those who are struggling to move around by train now enjoy a flight from their city or town. It helps them save their time in the long journeys.
President Droupadi Murmu mentions in a joint sitting of Parliament about this growth. It took India 10 years to reach this number. However, expectations are that the journey from here will take even less time. President shares this valuable insight on the country’s development. Not only that, the country also reaches an average growth rate of 8% per annum in the past three years starting from 2021. India is also now the 5th largest economy aiming to be the third largest economy by 2027.
The period of January to May 2024 itself was successfully able to carry 661.42 Lakh passengers. While it carried 636.07 lakh passengers a year ago. President further shares the future’s plan by mentioning that India is moving towards making the best transportation system in the country. Thus, the country will also see a growth in the railways and roadways transportation facilities along with the airlines.
The results are in front of us as the country changed a lot in the past ten years. There is a hope that India will become far better in the coming ten years. The country has a good chance to change the world in the next two decades. Airlines have a lot of new partners added to support the management of high air traffic in the country. Stay tuned for more information on our website.
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