According to a report by the International Air Transport Association (IATA), India has the fastest growing domestic aviation market in the world, ahead of China and the US. The country’s domestic air passenger demand increased 28.1% in July 2015 over the last year. The growth, which can be attributed to more flights, fare cuts and faster economic growth, was nearly three times China’s domestic traffic growth of 10.9% year-on-year.
The total domestic travel demand for the global market rose 7.6% in July compared with a year ago, as per the IATA’s data. China stood second at 10.9% growth, followed by the Russian Federation (8.8%), Brazil (6.6%) and the US (5.9%). India is also expected to become the third largest aviation market by in the world by 2020 after the US and China