In­dia records fastest growth

The In­dia do­mes­tic mar­ket posted the fastest full year do­mes­tic growth rate for the fourth year in a row (18.6 per cent), ac­cord­ing to an In­ter­na­tional Air Trans­port As­so­ci­a­tion (IATA) re­port.

TravTalk - India - - VIEWPOINT - Source: IATA Eco­nom­ics, IATA Monthly Sta­tis­tics

Do­mes­tic de­mand in In­dia was un­der­pinned by a ro­bust eco­nomic ex­pan­sion as well as by in­creas­ing num­ber of do­mes­tic pairs. The coun­try recorded its 50th con­sec­u­tive month of dou­ble-digit an­nual growth in Oc­to­ber.

While glob­ally, do­mes­tic air travel climbed 7 per cent last year, which re­mained un­changed from the rate in 2017. All mar­kets showed an­nual growth, led by In­dia and China, which both posted dou­ble-digit an­nual in­creases, the re­port stated.

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