What is the ranking of Indian aviation industry in the world?

What is the ranking of Indian aviation industry in the world?

India has become the third largest domestic aviation market in the world and is expected to overtake UK to become the third largest air passenger* market by 2024^.

What is the growth of aviation industry in India?

With middle-class people taking to the skies against the backdrop of economical air fares, the Indian aviation market has grown at an average rate of 16 percent over the last decade(with FY 2017 recording 22% growth).

What is the position of Indian aviation sector?

Indian civil aviation is the 9th largest Aviation market in the world and is expected to become 3rd largest by 2020 and largest by 2030.

How many aviation industry are there in India?

In 2015, there were 22 airlines operating in India, which add a total of about 50 airliners to their fleets each year. To support these fleets, several aviation-industrial parks are being set up, such as in Hisar, Gujarat, and Chennai.

Which is the largest aviation market?

According to a press release by the Ministry of Civil Aviation on Thursday, the Union Minister inaugurated a curtain raiser event about Wings India, 2022 which is Asia’s largest event on Civil Aviation.

Why aviation sector growth is important for India?

As per Oxford Economic analysis, the air transport sector in India directly contributes 3,90,000 jobs and indirectly supports over 5,70,000 jobs across different supply chains. Additionally, air transport facilitates tourism and investment into India.

Why aviation sector is important?

Aviation provides the only rapid worldwide transportation network, which makes it essential for global business. It generates economic growth, creates jobs, and facilitates international trade and tourism.

What is public sector aviation in India?

India’s airline industry was nationalised and the eight domestic airlines operating independently at that time – Deccan Airways, Airways India, Bharat Airways, Himalayan Aviation, Kalinga Airlines, Indian National Airways, Air India and Air Services of India – were merged into two government-owned entities.

How big is the aviation industry?

The air transport industry, including airlines, and its supply chain, are estimated to support US $641 billion of GDP in the United States. Spending by foreign tourists supports a further US $138 billion of the country’s GDP, totaling to US $779 billion.

Which country has biggest aviation industry?

China had the largest commercial air travel market in 2020, with over 417.2 million passengers boarding planes registered to Chinese air carriers. The next largest market was the U.S., with just under 370 million passengers, while the Eurozone ranked in third place, with almost 190 million passengers.