 "Largest Indian airline rules out impact of economic slowdown")
India’s largest airline by market share, IndiGo, ruled out any impact of an economic slowdown in air travel growth. “Looking ahead, it is difficult not to be bullish about the future,” IndiGo Chief Executive Officer Ronojoy Dutta said.
Cautious spending by customers on everything from shampoo to cars and travel threatens to weaken what’s been the backbone of the economy, contributing about three-fifths of gross domestic product. India’s car sales saw a decline of 15.9 per cent in April, the worst in eight years. Auto industry executives fear recovery will take time and depend on multiple factors, including a good monsoon
