India will be among the top three aviation market by 2024 according to International Air Transport Association (IATA) in its 20- year air passenger forecast report. India is currently at seventh position in Global Aviation market.
Highlights Of Report
• The number of air passengers around the world will double to 8.2 billion in 2037.
• The biggest growth in terms of air traffic will come from Asia- Pacific region with more than half the number of total new passengers in next 20 years.
• The Asia-Pacific region is expected to see the fastest growth at the rate of 4.8%, followed by Africa (4.6%) and West Asia (4.4%).
• When it comes to International traffic, it grew by 10.43 per cent to reach 65 million in 2018 and will grow to 76 million in 2020.