LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

India Projected to be 2nd Fastest Growing Nation for Passenger Traffic: ACI

The AIC, a global trade body representing airports across the globe, has put Vietnam at the top position with a 8.5 per cent growth rate, followed by India at 7.5 per cent and Iran at 7.3 per cent.

PTI

Updated:April 30, 2018, 5:18 PM IST
facebookTwittergoogleskypewhatsapp
India Projected to be 2nd Fastest Growing Nation for Passenger Traffic: ACI
File photo of the Mumbai airport. (Reuters)
Loading...
New Delhi: India has been projected to be the second fastest growing country in the world for passenger traffic by the Airports Council International (ACI) in its traffic forecasts between 2017-40.

The AIC, a global trade body representing airports across the globe, has put Vietnam at the top position with a 8.5 per cent growth rate, followed by India at 7.5 per cent and Iran at 7.3 per cent. China has been placed at the 8th position with 5.9 per cent growth rate.

In its forecasts, the AIC said by 2022, passenger traffic in emerging economies like India would surpass advanced economies. By 2040, international passenger traffic would attain parity with domestic traffic, meaning more and more number of people would travel off shore with heightened economic activities, it said.

By 2022, passenger traffic in emerging economies would touch 5.4 billion, slightly ahead of advanced economies at 5.3 billion.

The Asia-Pacific region would continue to show a healthy growth rate and between 2017-40, the passenger traffic growth rate would be 38.8 per cent, the fastest in the world. The growth in Europe would be 26 per cent and 8.4 per cent in North America, indicating that Asia-Pacific region would shape the future of the global aviation industry.

Describing the middle east at the aviation bridge', the AIC said the strong growth in the region was because of its strategic location and liberalised market. This had enabled the region to be developed into an international hub, connecting long haul flights from east and west, north and south.

Earlier, in its report, AIC had said that India was poised to be one of the largest aviation markets in the world in the years to come and it placed the Indira Gandhi International Airport in New Delhi among the top twenty busiest airports in the world, putting it at the 16th position.

Kolkata, Hyderabad, Bengaluru and Chennai were also ranked among the fastest growing airports in the world with an year-over-year growth of 26.9 per cent, 19.6 per cent, 12.9 per cent and 10.5 per cent, respectively during 2017, the ACI said.

Catch the Biggest Newsmakers and the Biggest Newsbreaks on CNN-News18, your favourite English TV news channel. Keep watching CNN-News18 at just 50 Paise per Month. Contact your cable /DTH operator Now!
*Rental / capacity fee of Rs.130/- as charged by cable / DTH operator may apply. **GST extra.

| Edited by: Huma Tabassum
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,235.15 -0.21
Sun Pharma 418.95 5.18
Kotak Mahindra 1,291.75 1.91
Asian Paints 1,406.95 -1.07
Yes Bank 192.20 0.13
Company Price Change %Gain
Page Industries 22,510.10 -1.84
Reliance 1,234.75 0.02
Sun Pharma 418.05 4.95
Yes Bank 192.10 0.00
Axis Bank 661.80 0.23
Top Gainers
Company Price Change %Gain
Sun Pharma 418.95 5.18
Wipro 346.50 2.58
Titan Company 982.65 2.07
Kotak Mahindra 1,291.75 1.91
Dr Reddys Labs 2,640.30 1.56
Company Price Change %Gain
Sun Pharma 418.05 4.95
Kotak Mahindra 1,291.60 1.92
Bajaj Finance 2,616.65 1.07
Hero Motocorp 2,823.85 1.05
Axis Bank 661.80 0.23
Top Losers
Company Price Change %Gain
Vedanta 191.50 -3.50
Tata Steel 456.55 -3.21
M&M 708.50 -2.99
Zee Entertain 425.25 -2.61
HCL Tech 940.75 -2.59
Company Price Change %Gain
Vedanta 191.45 -3.50
Tata Steel 456.80 -3.13
M&M 708.05 -3.08
HCL Tech 941.60 -2.18
Bharti Airtel 304.25 -2.00

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results