India's domestic air traffic set to grow at 10%: Airbus

London: India's domestic air traffic is set to grow at the "fastest rate" of 10 per cent against the global average of about five per cent in the next two decades, triggering a demand for over 29,000 additional planes across the world, aircraft manufacturer Airbus said today.
Air travel till 2032 will be fuelled by traffic to and from emerging markets like India, Brazil and China, and world air traffic will grow at 4.7 per cent annually, requiring 29,220 new passenger and freighter aircraft valued at nearly USD 4.4 trillion.
In its latest Global Market Forecast for the next 20 years (2013-2032), Airbus said: "Domestic flows are set to rise strongly, with domestic India growing at the fastest rate (nearly 10 per cent), followed by China and Brazil (seven per cent)."
Read News In Full 24/09/13 PTI/Economic Times