Key Points
Indias civil aviation sector is seeing sustained robust demand, having seen an almost V-shaped recovery from an all-time low during the pandemic, Union Civil Aviation Minister Jyotiraditya Scindia said Monday.. Speaking at the three-day CAPA India Aviation Summit, the BJP leader said the domestic aviation sector is seeing new highs in almost all parameters, particularly passenger traffic, with the latest record being around 4.56 lakh passengers per day which was not a blip..
Scindia said that despite the high season now over, India is seeing a daily passenger traffic of 4.2-4.4 lakh, suggesting that demand is robust and the next high season starting in October could break previous records...
Indias aviation sector is now at an inflection point between infancy and just having entered the growth phase, the Union minister said, adding that various factors like high economic growth, growing urbanisation, rising disposable incomes and growing aspirations of a young population are supporting the sectors growth..
Over the past six years, Indias domestic passenger traffic has grown at a compound annual growth rate (CAGR) of around 14.5 per cent, while international passenger traffic has increased by a CAGR of around 6.5 per cent..
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