Social News XYZ     

India’s air passenger traffic to touch 500 million

India's air passenger traffic to touch 500 millionNew Delhi, Aug 2 (IANS) India's air passenger traffic is expected to reach 500 million in 10-15 years, Union Minister Jayant Sinha said on Wednesday.

According to the Minister of State for Civil Aviation, currently India's aviation sector was able to service 160 million passengers a year while this stood at 900 million in the US and about 500 million in China.

Sinha was speaking at an event here organised by the US-India Strategic Partnership Forum.

 

"The Indian aviation sector is growing at an outstanding rate of 20 per cent a year. It's the world's fastest growing aviation market," Sinha said.

"But the rate at which we are growing and the potential that we see, in next 10-15 years, the aviation sector in India will triple to over 500 million passenger trips. That is the kind of opportunity that companies like Boeing and Honeywell are seeing."

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

Facebook Comments
India's air passenger traffic to touch 500 million

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

%d bloggers like this: