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Impact of Income Growth on Indian Aviation by adi_santhi is a document available to read on EtoBox.
Indian GDP and per capita income have grown significantly since 1980, fueling growth in the aviation industry. Rising incomes have allowed more middle class Indians to consider air travel due to affordable low-cost carriers. As middle class Indians now comprise 25-30% of the population with higher disposable incomes, they are willing to spend on air travel which saves time compared to trains. To meet rising demand, Indian airlines plan to purchase 1,320 new airplanes in coming years. Growth in air traffic c
- Author
- adi_santhi
- Language
- EN