Air traffic of India may surge annually by average 7% till 2040

As per the Boeing report, the air traffic of India will grow by an average of 7% per year till 2040 even as the country’s carriers face challenges like high fuel prices, rupee depreciation and low fares. While the air traffic of India will grow 6.9% till 2040, the south-east Asian market will grow at an average annual rate of 5.5%.

The Chinese, African and the Latin American market will grow at an average annual rate of 5.4%, 5.4% and 4.8% respectively, till 2040.