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India Passenger Transportation Industry Outlook 2022 - 2026

See how India Passenger Transportation performed compared to key markets.

Key Market Indicators

Revenue from India's passenger transport market is expected to reach $631.2 million by 2026, up from $494.4 million in 2021. On average, growth is predicted to increase by 0.7% year-on-year. However, since 2005, the Indian market has decreased by an average of 6.3% year-on-year. Expenditure on Indian passenger transport is estimated to reach $6.9 billion by 2026, a jump from $5.6 billion in 2021. Year-on-year growth is expected to average at 3.5%, and since 2013, demand has grown by a staggering 14.7% year-on-year. In 2021, India was ranked eighth in the world for passenger transport expenditure, behind Italy ($5.6 billion). The UK, France, and Canada ranked second, third and fourth respectively.

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