Question
With reference to the Aviation Sector of India, consider
the following statements: 1. It is currently the world's 5th-largest civil aviation market. 2. Over the past few years, India’s international passenger traffic had remained stagnant. Which of the statements given above is/are correct?Solution
India's Civil Aviation is among the fastest-growing aviation markets globally and will be a major growth engine to make India a USD 5 trillion economy by 2024. India is currently the world's 3rd-largest civil aviation market. India's domestic passenger traffic is projected to rise to 16 crores in the 2023-24 fiscal year and to 35 crores by 2029-30.
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