India to become world’s 3rd largest air transport market by mid-2020: IATA

The latest IATA Economics Chart of the Week states that with favourable forecasts in income per capita and population, there has been continued development in India’s air transport where the market appears positive, despite the recent disruption. “This is consistent with our long-term passenger forecast which expects the growth in India to propel it to the world’s 3rd largest air transport market by the mid-2020s,” says report.