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Airbus expects Indian aviation mkt to grow in single digits for next 20 yrs

However,according to Airbus the Indian aviation market will grow faster than the global market

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Arindam MajumderAneesh Phadnis Hyderabad
European aerospace major Airbus expects the Indian aviation market to grow in single digits for the next 20 years as Covid-19 has impacted the growth of air travel.

According to Airbus, the Indian aviation market will grow at 6.2 per cent for the next 20 years. It similarly expects the global aviation market to grow by 3.9 per cent.

Before Covid-19 hit the business of aviation, the Indian market was growing consistently at double digits with traffic more than doubling from around 61 million in 2013-14 to around 137 million in 2019-20, registering a growth of over 14 per cent

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First Published: Mar 24 2022 | 12:40 PM IST

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