Taking off on a high note, India ranks second in carrying air passengers in the world
New Delhi, May 1: Emerging in top ranks, India’s progress on the national and international front has been commendable. India has been projected to be the second fastest growing country in the world for passenger traffic by the Airports Council International (ACI).
The Airport Council International is a global body representing airports. Vietnam has been positioned at the top position with an 8.5% growth rate, followed by India at 7.5% and Iran at 7.3%. China has been placed at the 8th position with 5.9% growth rate. By the year 2022, the ACI has forecasted that India has been emerging economy that would surpass other advanced economies.
By 2040, international passenger traffic would attain uniformity with domestic traffic, meaning more and more number of people would travel off shore with heightened economic activities. By 2022, passenger traffic in emerging economies would touch 5.4 billion, slightly ahead of advanced economies at 5.3 billion.
The Asia-Pacific region would continue to show a healthy growth rate and between 2017-40, the passenger traffic growth rate would be 38.8 per cent, the fastest in the world. The growth in Europe would be 26 per cent and 8.4 per cent in North America, indicating that Asia-Pacific region would shape the future of the global aviation industry.
Describing the Middle East at the ‘aviation bridge’, the AIC said the strong growth in the region was because of its strategic location and liberalised market. This had enabled the region to be developed into an international hub, connecting long haul flights from east and west, north and south.
ACI had said that India was poised to be one of the largest aviation markets in the world in the years to come and it placed the Indira Gandhi International Airport in New Delhi among the top twenty busiest airports in the world, putting it at the 16th position.
Kolkata, Hyderabad, Bengaluru and Chennai were also ranked among the fastest growing airports in the world with a year-over-year growth of 26.9%, 19.6%, 12.9% and 10.5%, respectively during 2017.