India and China are projected to account for approximately 50% of the air passenger growth Worldwide over the next 20 years.
According to International Air Transport Association (IATA), India and China are projected to account for approximately 50% of the air passenger growth worldwide over the next 20 years.
The IATA also said, India was one of the fastest growing domestic aviation Markets in the world for nearly 5 years continuously, as a greater number of passengers making air Travel.
It further said that growth in Industry turned negative in the month of April due to flight cancellations and subsequent grounding of full-service carrier Jet Airways.
Brian Pearce, Chief Economist at the IATA today said the negative growth in the Indian market was temporary and that the market would expand as Indians want to Travel more.
In his address at the annual general meeting here, IATA Director General and CEO Alexandre de Juniac said the developing markets are expected to provide the majority of additional passenger demand. He said, India and China alone are forecast to account for around 45 per cent of all additional passenger trips over the next two decades.
