Global airlines' body IATA has warned that India's over two-year-long uninterrupted double-digit growth in the domestic aviation market is set to end this month, saying the domestic traffic has been witnessing a slowdown since demonetisation.
India's 2-year-long double digit growth in the domestic aviation market to end: IATA
Global airlines' body IATA has warned that India's over two-year-long uninterrupted double-digit growth in the domestic aviation market is set to end this month, saying the domestic traffic has been witnessing a slowdown since demonetisation.
"The very strong upward SA (seasonally-adjusted) traffic trend has slowed since the unexpected 'demonetisation' in November 2016, in line with the wider impact that this looks to have had on economic activity."
India's 2-year-long double digit growth in the domestic aviation market to end: IATA
Global airlines' body IATA has warned that India's over two-year-long uninterrupted double-digit growth in the domestic aviation market is set to end this month, saying the domestic traffic has been witnessing a slowdown since demonetisation.
"The very strong upward SA (seasonally-adjusted) traffic trend has slowed since the unexpected 'demonetisation' in November 2016, in line with the wider impact that this looks to have had on economic activity."