HYDERABAD: India is poised to double its domestic air passenger traffic to
300 million
per annum by
2030
from 153 million in 2023, Union civil aviation minister Jyotiraditya Scindia here said on Thursday.
Speaking at the inaugural of Wings India 2024, the biennial civil aviation conclave and exhibition, Scindia said that the penetration of the
domestic passenger traffic
, which has been growing at a CAGR of 15.3% over the past 15 years, will grow to just 10-15% by 2030 with 300 million domestic passengers as against 3-4% currently, providing huge potential for growth over the decades to come. International traffic, he said, has grown at a CAGR of 6.1% over the next 15 years.
"Even with 300 million passenger traffic by 2030 we will still be one of the most under-penetrated markets in the top 20 markets in the world. In 2030 India will still have 85% penetration to go for decades to come. We are preparing for this potential by creating capacities..." he said.
Scindia said the number of airports, waterdromes and heliports, which stood at 74 in 2014, has grown to 149 and is poised to grow to 200 by 2030. Pointing out that India's civil aviation market is in the take-off stage, he said India is the largest purchaser of aircraft in the world after US and China with a fleet size of 713 set to grow to upwards of 2,000 in the next decade.
And it is not just passenger traffic that has grown. The Union civil aviation minister said in the last 15 years, domestic cargo has witnessed a growth of 60% while international cargo has seen a 53% rise.
English (US) ·