India traffic growth could average 15% over next 20yrs if oil remains below USD80/barrel

India's Civil Aviation Secretary R N Choubey stated (08-Mar-2018) the Government was committed to connecting the cities and towns to increase regional connectivity in the country and emphasised that oil prices needed to remain soft, below USD80 a barrel for the sector to grow at a CAGR of 15% for the next 20 years. [more - original PR]