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Aviation – The Fastest Growing Industry
22, Jan 2025
Aviation – The Fastest Growing Industry
Airline, one of the fastest growing industries in the world, is an inevitable and most sought-after mode of transportation worldwide. The industry has been showing a positive growth rate both in the domestic and international sectors, especially in the Asia-Pacific region. According to International Air Transport Association (IATA), global passenger traffic has risen by 5.3%, compared to the same period last year. Asia-Pacific region has the highest passenger traffic market share, 31.5 %.
Domestic demand has also risen dramatically. According to the statistics India is the 9th largest aviation market in the world. Indian aviation industry promises huge growth potential due to investment-friendly government policies, rapid economic growth, a large and growing middle-class population, higher disposable incomes, and rising aspirations of the middle class. Studies show that the growth rate of the Indian civil aviation sector has been steady during the last decade.
A push in the tourism sector along with enhanced regional connectivity using helicopter services will certainly give a boost to the aviation sector in India. All these indicate a high growth rate of the Industry which will generate thousands of opportunities for those who really aspire for a challenging job in the glamorous aviation industry.
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