Updated By: LatestGKGS Desk
IATA report: India will be the third largest aviation market in six years
The International Air Transport Association (IATA) report, by 2024 India will become the world's third largest aviation market.
According to the International Air Transport Association (IATA) report, by 2024 India will become the world's third largest aviation market. India is currently seventh in the global aviation market.
This has been said in the forecast report of the next 20 years released by the IATA on October 24, 2018.
India will leave Germany and Japan by 2020 and Spain by 2023.
After that, by the end of the year 2024, he will overtake Bratten and reach the third spot.
Currently, the number of domestic air passengers in India is increasing at the rate of 18.28%, this number will reach 243 million in 2018-19 and 293 million in 2020.
According to the report, America and China will remain at the top two places, but by the middle of the next decade, China will be ranked first in the world.
It has been said that by the year 2037, China, America and India have been ranked first in three places, respectively, provided there is no significant change in the aviation policies of the governments.
International air traffic increased by 10.43% in 2018 and the number of passengers reached 65 million, by the year 2020, the figure would reach 76 million.
The highest increase in air traffic in the next 20 years will be in the Asia-Pacific region.
The number of air passengers will almost double in the next 20 years.
In the global aviation market, the US is in the top slot, China is in second place, Britain is in third place, Spain is fourth, Japan is at fifth place and Germany is in sixth place.
According to the Directorate General of Civil Aviation, the number of air passengers on domestic routes has increased steadily from September 2014 to September 2018 in India.
In the year 2014, a total of six crores 73 lakh 83 thousand passengers took flight, while the number of such passengers reached between 10 and 27 lakh 93 thousand between January and September this year.
This year's annual growth rate is 20.94 %.
