Industry forecast to see 12% CAGR over 2016-2021 thanks to growing consumer income and efforts to improve air connectivity in India
Increasing operational costs and high price sensitivity of Indian consumers may eat into industry’s profits over forecast period
Encouraged by expanding domestic demand, Indian airlines remain bullish on aircraft fleet expansion plans
Improving air connectivity and rising consumer income help to fuel industry’s growth
Industry’s turnover expands by 12% in 2016 to INR816.2 billion
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