Airlines are launching new flights and expanding schedules in India, betting the South Asian giant will become one of the hottest travel markets over the next decade
Sep 6, 2024
India, one of the fastest-growing major aviation markets, took the spotlight at the largest global gathering of airline CEOs and aircraft leasing companies in Dubai last week, as domestic and international air travel experienced a significant surge.
Key takeaways
- India’s domestic air travel market is projected to double, reaching 300 million passengers, up from a record 152 million in 2023, according to government data;
- International air traffic is poised for even faster growth, expected to rise to 160 million passengers by 2030, from 64 million last year, according to estimates by aviation research group CAPA India;
- A significant portion of this growth is attributed to India’s large diaspora of 35 million people, primarily residing in North America, Europe, and South Africa, along with an increasing number of young, affluent Indian travelers with adventurous spirits.
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