GMR Airports Infra Rs 87
As per industry observers, air passenger traffic for domestic airlines is expected to grow by 14-15% for the next several years. Unsurprisingly, investors are excited. An industry with prospects of long-term mid-teen growth is like a goldmine. To be sure, India’s domestic air passenger traffic reached approximately 154 million in fiscal year 2023-24 representing year on year growth of 13%. International passenger traffic on domestic carriers clocked 29.7 million, year on year growth of 24%.
