Key Market Indicators
Indian air transport traffic is poised for significant growth, with departures projected to reach nearly 1.7 million by 2028. This marks an increase from approximately 1.4 million departures in 2023, reflecting an average annual growth rate of 3.7%. Historically, since 1975, the demand for air travel in India has seen a steady rise of 2.5% each year. In the global rankings for 2023, India stood as the third-largest market for air transport departures. China, surpassing India with equal departures of around 1.4 million, secured the second spot. Following closely behind India in fourth place was Canada.
