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India's Aviation Evolution
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aviation

Over the past decade, India's aviation sector has undergone a remarkable evolution, transforming from a luxury accessible only to the elite to a thriving industry accessible to a broader demographic. Currently ranked as the seventh largest civil aviation market globally, India's trajectory points towards even greater heights, with projections placing it as the third-largest market within the next decade. This growth is underscored by a significant increase in domestic air travel, with the country boasting the third-largest domestic market globally, trailing behind only the United States and China. The recent resurgence in domestic air traffic, approaching 97 percent of pre-pandemic levels during FY22-23, is indicative of the industry's resilience and potential for further expansion. Central to this expansion is the proliferation of operational airports, with their numbers increasing from 74 to 140 over the past eight years. Looking ahead, the government's ambitious plans to develop and operationalise an additional 220 airports within the next five years signal a commitment to fostering sustained growth and accessibility within the aviation sector.

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