Air passengers movement at the airport.
The Airports International Council (ACI) said on Wednesday that India would overtake the neighboring country China in 2026 (air passenger traffic growth) in the air passenger traffic growth rate (air passenger traffic growth). India will grow at a rate of 10.5 percent. According to PTI news, one of the world’s fastest civil aviation markets, India’s air passenger traffic growth rate is estimated to be 10.1 percent this year. This is less than 12 percent prescribed for China.
When will India’s growth rate be
According to the news, ACI Asia Pacific and Middle East Director General Stephano Baironsi in Delhi said that India is a market that is developing and is in the process of increasing its infrastructure. Let us tell you, the Airports International Council (ACI) represents more than 600 airports in the Asia Pacific and the Middle East region. It is estimated that India’s air passenger growth rate will be 10.5 percent in 2026 and 10.3 percent in 2027, while China’s growth rate will be 8.9 percent and 7. 2 percent respectively.
Growth rate estimates for 2023-27
According to the Airports International Council, the compound annual growth rate (CAGR) for air passenger traffic in India for 2023-27 is estimated at 9.5 percent, which is more than 8.8 percent of China in China. India will also be the fastest growing aviation market globally with a CAGR of 5.5 percent for the period of 2023-2053, while China’s CAGR will be 3. 8 percent.
The Airports International Council said that the country’s annual trips will be 0.4 in 2043, while in 2023 it will be 0.1. The per capita GDP has been calculated on the basis of purchasing power equality in terms of dollars for 2019. ACI Asia Pacific and Middle East President SGK Kishore said that large aviation centers will be developed in India in the next 5–10 years, which also have strong domestic opportunities.
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