India set to become third-largest aviation market in the world
Q. India is set to become the third largest aviation market in the world in terms of ______ by 2026.- Published on 03 Nov 17a. Passengers
b. Routes traversed
c. Airplanes
d. Airports
ANSWER: Passengers
India is witnessing a high-growth trajectory and set to become the third-largest aviation market in the world in terms of passengers by 2026.
The announcement was made at the 2nd India aero expo 2017 inaugurated by Vice President Shri Venkaaih Naidu.
The aviation sector not only plays a key role in promoting connectivity and creating jobs but is also an important driver of the economy.
Aviation is the backbone of the global transport system. It indeed is the most vital sector for linking businesses, bringing people together and promoting tourism worldwide.
India became the world’s fastest growing domestic travel market for the 22nd time in a row recording a 26.6 per cent year-on-year growth in January 2017, according to IATA.
India's Aviation Sector: Know More- India is witnessing a high-growth trajectory and set to become the third-largest aviation market in the world in terms of passengers by 2026.
- India’s air cargo is estimated to grow at 9 per cent over the next few years.
- IATA also expects the air passengers to double from 3.8 billion air passengers in 2016 to 7.2 billion by 2035.
- India replaced Japan to become the largest domestic aviation market globally.
- India recorded a total of 100 million domestic flyers in 2016 as compared to 97 million people who travelled by air in Japan during the same period.
Government Measures to Promote Aviation- Recognizing the growing importance of the aviation sector, the Government has taken a series of measures to improve infrastructure and regional air connectivity in the country.
- UDAN scheme seeks to promote regional connectivity by serving the un-served and under-served airports. Connecting Tier-II cities, pilgrim towns and historic places with the wider air routes is important for boosting tourism and business travel.
- Among others, developing no frills and Greenfield airports, augmenting existing capacities, creating synergy between scheduled and non-scheduled airlines for better penetration and connectivity through collaborative efforts of the State and Central Governments is needed.
