Right infra at right time needed to meet India's aviation demand: IATA

Image
Press Trust of India New Delhi
Last Updated : Sep 03 2018 | 8:20 PM IST

The right type of infrastructure at the right time and at the right place will help in meeting the demand in the Indian aviation sector, according to IATA.

The global grouping of airlines also said that India is poised to become the third largest aviation market in the next 10 years.

The International Air Transport Association (IATA) said that asthe world's largest democracy with a population of more than 1.3 billion citizens, India has considerable potential for furtheraviation growth.

India's domestic aviation sector has been registering a double-digit growth for more than two years and is also one of the fastest growing in the world.

"Weexpect India to overtake Germany, Japan, Spain, and the UK within the next 10 years to become the world's third largest air passenger market," the grouping said in a report.

The IATA noted that the growth would bedriven bya trebling in the proportion of middle-class households over the next 20 years, among other factors.

The challenges include making sure that "the right type of infrastructure is put into place, at the right time and in the right location to ensure that the demand can be met," the IATA said.

It also emphasised the need to have the right policy environment that supports the sustainable growth of the industry.

The railways continue to be the country's transportation lifeline, carrying8.1 billion passengers each year 58 times more than Indian airlines, the grouping said citing various data. "However, the number of rail users has increased by just 1 per cent per year since 2010, and the current level of usage is just 2.2 times the level of 1980.

"By contrast, the number of passengers flown by Indian airlines has more than doubled over the past seven years alone, and has now increased nearly 22-fold since 1980," it added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 03 2018 | 8:20 PM IST

Next Story