Union Minister of State for Civil Aviation Jayant Sinha has expressed his hopes that India's aviation market would overtake the United States (US) and China, by hitting a billion passenger trips per year in the next 10 to 15 years. He noted that the growth in aviation sector is extraordinary and it has been actually growing at 15-20 percent, over the last three-four years. He also feels that from 100 million passenger trips a few years ago, the industry will double to about 200 million passenger trips this fiscal.
Sinha highlighted that in fact, India is already the third largest domestic aviation market in the world, only behind to the US and China. He noted that the US stood at around 900 million passenger trips per year and China was at around 600 million. Therefore, he said that to achieve one billion passenger trips market in the next 15-20 years, they will have to go from 500 planes in the sky to about 2000 planes. Adding further, he mentioned that aviation was going to be one of the largest industries in India and airlines had already placed orders for 935 planes.
The minister further said that the government is trying to spread air connectivity throughout the country. He also said that “We have grown the aviation sector to see the PM's dream of 'sab udenge, sab judenge' being realized.” Besides, he showed that the aviation industry generated a turnover of about Rs 1.8 lakh crore in FY18 which is equal to that of the Indian Railways. He added that currently, the airline industry is as big as the Indian Railways and the Indian telecom industry.
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