DATA SPOTLIGHT: India

11 February, 2020

This year The Blue Swan Daily will feature some of the leading airlines, airports and country markets for air travel. Here, using the extensive profile insights available to CAPA - Centre for Aviation members to deliver a data snapshot, we look at India, one of the world's fastest emerging business travel markets.

The Asia Pacific region is the largest business travel market in the world, and is growing at the fastest rate, owing to improvements in living standards, rise in disposable income, and development of the tourism industry.

India has emerged as one of the world's fastest growing markets with annual spend now touching USD50 billion, a figure many predicted could double through the 2020s as India's burgeoning middle class and solid economic growth will see demand for travel to surge throughout the decade.

India's aviation sector has undergone rapid transformation since the liberalisation drive that began in 2003. Strong GDP growth, a young population and the expansion of India's vibrant middle class sees India achieve some of the fastest growth of any aviation market in the world.

The collapse of Jet Airways may have diluted this development in 2019, but if costs can be continually brought down and competition remains strong, low fares should further stimulate new demand and draw millions of passengers away from the extensive rail network to faster and more comfortable air services.

AIRPORTS IN THE COUNTRY