The indian airlines aim to capture 50% of global air traffic by 2027-28, according to Crisil report. Know how India’s aviation industry is rapidly expanding, with international air traffic soaring
Indian airlines will be able to meet half of the country’s international air traffic needs by 2027-28. Credit rating agency Crisil said in a report, by this period the share of domestic airlines in international air traffic will increase to 50 percent.
In 2023-24 it was 43 percent. According to the report, the share of Indian aviation companies has increased at a rapid pace since the global pandemic. India’s international air traffic increased from one crore in 2020-21 to seven crore in 2023-24.
