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Past Issue • Apr-Jun 2016

Low Cost Airports: Catalysts For Inclusive Growth

Low Cost Airports: Catalysts For Inclusive Growth

“The world is focused on Indian aviation – from manufacturers, tourism boards, airlines and global businesses to individual travellers, shippers and businessmen. If we can find common purpose among all stakeholders in Indian aviation, a bright future is at hand.” - Tony Tyler, Director General and CEO, International Air Transport Association (IATA).
In 2015-16, Indian domestic passenger traffic has shown an increase of 21.2% as compared to 2014-15. When compared to the global average growth of 6.7% in the same period this is highly impressive. The domestic aircraft movement too has shown an increase of 12.8% as compared to 2014-15.
While the remarkable growth figures have earned India the crown of ‘being the fastest growing aviation market in the world’, the moot question is how long can this crown be retained? The poor state of airport infrastructure is highlighted by the fact that the country has one airport to every eight million citizens, as compared to one airport to every 170,000 citizens in USA (See Table). The disparity is huge even if one gives consideration to difference in population densities of the two countries.

ABOUT THE AUTHORS

  • Col.-Rajiv-Bhargava

    Col. Rajiv Bhargava

    Col. Rajiv Bhargava is Associate Director at the Munjal Institute for Global Manufacturing at the Indian School of Business (ISB). His areas of interests cut across Aerospace and Defence, Renewable Energy and Product Design and automation.
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