India to become 3rd biggest aviation market by 2020

Union Minister of Civil Aviation Ajit Singh on December 2 said that India is readying to become the third biggest aviation market in the world by 2020. As per the growth projections, the air passenger traffic is estimated to double by 2019-20, the Minister hoped. Ajit Singh was addressing the members of Consultative Committee for the Ministry of Civil Aviation in Panjim, Goa. Ajit Singh said that India is the 9th largest aviation market in the world and is poised to be the 3rd biggest by 2020. Indian aviation market witnessed rapid growth in the decade ending 2012-13. Air traffic passenger throughput at Indian airports recorded a CAGR of 13.8 per cent during the current decade, he added.