There have been many positive developments in the India’s fast-moving civil aviation sector. The National Civil Aviation Policy (NCAP) has finally been put into place and India has emerged as the fastest growing aviation market in the world. Currently ranked ninth, India is predicted to rise to third largest within two to three years.
Passenger traffic has increased by 17.6 percent in 2015-16 and growth is being maintained in 2016-17, with traffic growing at 19.1 percent during the period April to November. According to AAI (Airports Authority of India), over the next two years, traffic is projected to grow at 14 percent per annum to reach 290 million by 2017-18.
This staggering growth has had a number impact on the numbers connected with the aviation industry in India:
