India Ranks 3rd-Largest Domestic Aviation Market
India has become the third-largest domestic aviation market globally, moving up from fifth place a decade ago. This growth, under Prime Minister Narendra Modi’s leadership, is marked by a 6.9% annual increase in airline seat capacity, the highest worldwide. Key drivers include the dominance of low-cost carriers (LCCs) like IndiGo, which holds 62% of the market and has a 13.9% annual growth rate. The number of operational airports has more than doubled from 74 to 157 in the past decade. Comparatively, the US and China lead with 84 million and 65 million seats, respectively, while India has 15 million seats.
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