HYDERABAD: Civil aviation minister Jyotiraditya Scindia stated that India is poised to witness doubling of its home air passenger site visitors from 153 million in 2023 to 300 million yearly by 2030.
Declaring that India has emerged because the shining star on the worldwide civil aviation firmament over the past decade, Scindia stated the Indian market gives large potential for development over the a long time to return given its very low penetration ranges.
“With attaining 300 million passengers per 12 months, India will nonetheless be one of the crucial under-penetrated markets throughout the highest 20 markets on this planet. Which means that right this moment our penetration is 3-4% and with 300 million it can develop to 10-15% however we nonetheless have 85% penetration to go,” he stated after inaugurating the Wing India 2024 aviation trade present within the metropolis.
“At present, India is the third largest home civil aviation market on this planet, the seventh largest worldwide civil aviation market on this planet and when you mix each then we’re the fifth largest civil aviation market on this planet,” he stated.
Scindia additionally stated the home passenger site visitors has been rising at a staggering CAGR of 16.3% over the previous 10 years whereas worldwide passenger site visitors has grown round 6%.
Stating that India’s civil aviation market is within the take-off stage, he stated the nation has emerged as the most important purchaser of plane on this planet after the US and China. Its plane fleet measurement was 400 in 2014, which has grown to 713 right this moment and set to cross 2,000 by 2035. The variety of business pilot licences being granted has grown from 1,162 in 2022 to round 1,650 in 2023.
Declaring that India has emerged because the shining star on the worldwide civil aviation firmament over the past decade, Scindia stated the Indian market gives large potential for development over the a long time to return given its very low penetration ranges.
“With attaining 300 million passengers per 12 months, India will nonetheless be one of the crucial under-penetrated markets throughout the highest 20 markets on this planet. Which means that right this moment our penetration is 3-4% and with 300 million it can develop to 10-15% however we nonetheless have 85% penetration to go,” he stated after inaugurating the Wing India 2024 aviation trade present within the metropolis.
“At present, India is the third largest home civil aviation market on this planet, the seventh largest worldwide civil aviation market on this planet and when you mix each then we’re the fifth largest civil aviation market on this planet,” he stated.
Scindia additionally stated the home passenger site visitors has been rising at a staggering CAGR of 16.3% over the previous 10 years whereas worldwide passenger site visitors has grown round 6%.
Stating that India’s civil aviation market is within the take-off stage, he stated the nation has emerged as the most important purchaser of plane on this planet after the US and China. Its plane fleet measurement was 400 in 2014, which has grown to 713 right this moment and set to cross 2,000 by 2035. The variety of business pilot licences being granted has grown from 1,162 in 2022 to round 1,650 in 2023.
