India is the 9th largest civil aviation market in the world and presently has a market size of USD 16 billion. The industry is ready to become the third-largest aviation market by 2020 and the largest by 2030. Indian aviation is among the five fastest-growing aviation markets globally, growing at over 20% year over year.
The aviation industry provides 65.5 million jobs around the world. Aviation industry is the one of the biggest recruiter in the world, some of these people work within the industry itself and other jobs are provided by the economic activity that air travel supports. Air transport industry is forecast to support 97.8 million jobs by 2036.
The most recent estimates that demand for air transportation will increase by an average of 4.3% per annum over the next 20 years.
If this growth path and success forecast is achieved, then in 2036 the air transport industry will contribute:
