India's aviation industry has undergone significant growth and transformation over the past decade. In the early 2000s, air travel in India was a luxury, only accessible to the affluent few. Today, India has become the third-largest domestic market in the world, behind only the United States and China, with more people choosing to travel by air than ever before. The domestic air traffic has again picked up pace during FY22-23 and is expected to reach around 97 percent of the pre-covid level.

In the past eight years, the number of operational airports in the country has risen from 74 to 140. The government plans to develop and operationalise 220 airports in the next five years. India is currently the seventh largest civil aviation market in the world and is expected to become the third-largest civil aviation market within the next 10 years.