(MENAFN) India has been inaugurated as fastest growing aviation market in 2015, growing over 20 percent as economic development on the subcontinent progressed, based on reports.
According to International Air Transport Association, the nation's air travel industry surpassed the 10 percent advance logged in China and 5 percent increase in the United States.
High manufacturing activity and robust local demand assisted India's economy to develop 7.4 percent over the three months to Sep period, passing China as the world's fastest growing top country.
"Given improving macro factors like healthy industry passenger traffic growth coupled with lowest fuel prices, we expect nation's air travel revenue growth," stated a top analyst.
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