Aviation boom in India! Air passenger traffic poised to soar 15% in 2023-24

In a recent report, aviation advisory and research firm CAPA India have projected a robust growth of approximately 15% in India’s air traffic, reaching 155 million passengers during the fiscal year 2023-24.

This optimistic forecast aligns with the firm’s earlier estimate in March 2023, despite the unexpected grounding of Go First earlier this year.

The report highlights the resilience of domestic air traffic in India, even with over 150 aircraft still grounded due to supply chain issues and other challenges. The advisory firm notes that the number of grounded aircraft could potentially exceed 200 by the end of March 2024, leading to a shortage of parking bays and exacerbating parking challenges across the country.