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14-Sep-2011 7:57 AM

India's domestic aviation market shows rapid growth in first half

Analysis

On the surface, India's aviation industry looks to be in rude health, but behind the strong headline traffic figures is growing financial pain. India's airlines reported continued strong domestic passenger growth of 22.3% in Jul-2011 following on from an 18% expansion in the first half of the year. India is now the ninth largest and fastest growing domestic market in the world. The Indian government anticipates that India would become one of the three largest markets in the world by 2020.

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