Revival in passenger traffic
- Air passenger traffic has grown at a CAGR of around 11 per cent between 2002-03 and 2022-23, driven primarily by domestic traffic.
- Strong economic growth, burgeoning demand for air travel, and an increase in the number of flights across domestic airline networks are the key drivers enabling India to maintain its status as the fastest growing aviation market in the world.
Air cargo traffic on a growth trajectory
- Air cargo traffic has grown at a CAGR of around 6 per cent between 2002-03 and 2022-23, peaking at 3.56 million tonnes (mt) in 2018-19. During this period, the share of international cargo has averaged at around 64 per cent, compared to domestic cargo’s average share of 36 per cent.
- The air cargo industry has grown in importance, particularly during the pandemic, when it helped maintain crucial supply chains. Dedicated cargo terminals are being set up at various airports to boost cargo handling capacities.