IATA report depicts India’s domestic aviation market as fasting growing

Update: 2015-09-21 00:10 GMT

India has the fastest growing domestic aviation market in the world, ahead of China and the US. The country’s domestic air passenger demand soared 28.1 percent in July compared with a year ago, likely owing to more flights, fare cuts and faster economic growth. It was nearly three times China’s domestic traffic growth of 10.9 percent year-on-year, according to International Air Transport Association (IATA), a lobby group that represents nearly 260 airlines, comprising 83 percent of global air traffic. The total domestic travel demand for the global market rose 7.6 percent in July compared with a year ago, IATA’s data showed on Friday. While China claimed the second position, the third spot was secured by the Russian Federation (8.8 percent), followed by Brazil (6.6 percent). The US logged a 5.9 percent growth. “All the markets showed growth, with the strongest increases occurring in India and China,” IATA said.