India is world’s fastest growing aviation market as double-digit domestic growth continues
The Indian market continues to be seen as an area of "huge opportunity and huge potential”, IATA CEO and Director General, Tony Tyler said upon the release of the revised full-year financial forecast this month, adding that India is the fastest growing aviation market in the world at present, followed by Brazil, driven by rapid domestic growth.
However, IATA warned that infrastructure and taxation woes could hurt the industry. “There are some issues in India, particularly in infrastructure and so on, which are possibly a problem and constraint for the industry there. We encourage the Government to make the necessary investment. But the potential for these markets is enormous,” Mr Tyler said. While noting the Airports Economic Regulatory Authority (AERA) had a “critical role to play in bringing much needed regulation to this area”, Mr Tyler expressed concern about the “high levels of taxation” in the country as well as other charges paid by international carriers at Indian airports.
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