India to be third largest aviation market by 2029

India is set to emerge as the third largest aviation market by 2029, Rafael Echevarne, director of Economics and Programme Development, Airports Council International (ACI) said recently.


Echevarne


India is set to emerge as the third largest aviation market by 2029, Rafael Echevarne, director of Economics and Programme Development, Airports Council International (ACI) said recently.

Echevarne highlighted the growth trajectory of aviation in India
during the last five years in which the country improved its rank from 101st in 2007 to 12th in 2010 in terms of airport maintenance, traffic handling and passenger facilities. In order to sustain this, India would require putting in place a regulatory framework that encourages investment, ensures safety and facilitates development of tourism, he said.