Where Does the Indian Airline Industry Go from Here?

Posted by Kunal Shah on Thu, Feb 27, 2020

This article originally was published on Forbes.com.

Over the past five years, India’s aviation industry has grown fast: in 2018, the International Air Transport Association (IATA) predicted that India would be the world’s third largest aviation market by 2024, and grow from 158 million passengers in 2017 to 572 million by 2037. However, after four years of double-digit demand growth, in 2019, air traffic in India rose 5.1%, down from 18.9% growth in 2018, according to IATA. While part of the decline can be attributed to the broader economic slowdown in India, industry-specific challenges are not helping.


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