7-Dec-2012 9:57 AM

India to see second fastest global growth rate in domestic pax through 2016: IATA

IATA stated (06-Dec-2012) by 2016, India will be the fourth largest market for domestic passengers globally with an estimated 107.2 million domestic passengers, behind the US (710.2 million), China (415 million), Brazil (118.9 million), but ahead of Japan (93.2 million). India will have the second highest domestic growth rate of 13.1% CAGR, adding 3.9 million passengers to the 2.2 million in 2011, behind Kazakhstan (22.5% CAGR) but ahead of China (10.1% CAGR). In terms of freight, India will be the ninth largest freight market with an estimated 1.6 million tonnes, while Sri Lanka will be the fastest growing international freight market on the 2011-2016 period, with CAGR of 8.7%, ahead of Vietnam (7.4%), Brazil (6.3%), India (6.0%) and Egypt (5.9%). [more - original PR]

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