Budget 2025: Will India’s aviation sector fly higher?
Subscribe to enjoy similar stories. New Delhi: India's aviation sector is growing rapidly, this is evident from record breaking domestic passenger movement and pending delivery of over 1000 aircraft to Indian airlines. In November 2024, for the first time ever the daily domestic passenger numbers crossed 5 lakh mark.
If one looks at the average daily domestic passenger movement since the beginning of 2025, it is near the 5 lakh mark, so the momentum is continuing. As per DGCA data, the domestic passenger numbers are set to reach yet another record high, crossing the 15 crore mark for the second year in a row. In calendar year 2023, Indian airlines carried 15.20 crore domestic passengers.
As per the data till November 2024, Indian airlines have carried 15.96 crore passengers till now. Overall the domestic passengers number is set to cross the 16 crore mark for the first time. Ratings agency ICRA expects the upcoming budget could give relief to the aviation industry if rationalisation in the duty structure of aviation turbine fuel (ATF).
Read more on livemint.com
