Economic Growth of Air Passenger Market and Traffic Sensitivity in India: Vision 2030

India's civil aviation business is one of the fastest growing in the world, and airlines are developing their networks and fleets to keep up with the growing demand. According to the Indian domestic airlines now have 157 aerodromes, heliports, and airports in India, by the end of 2025 there will likely be 200 airports in operation. There will be 300 million domestic passengers by 2030, and 200 new airports will be built over the next 20 to 25 years. The Civil Aviation Secretary said air trips per capita per annum for India is 0.13. By 2030, it is anticipated that 300 million people will travel domestically by plane in India. The estimated investment in airport development is USD 11 billion [1]. The Minister of Civil Aviation emphasized the possibility at the domestic level to create a supply chain for sustainable aviation fuel. India's aviation industry is expanding quickly, and in the next 20 to 25 years, 200 new airports are expected to be built. This article deals with the growth and market sensitivity of domestic air passenger growth in 2030. Over the past ten years, the Indian aviation industry has grown significantly, becoming the third-largest domestic aviation market in the world after being a luxury for the affluent in the early 2000s. South Asia accounted for approximately 69% of all airline traffic through domestic flights in fiscal year 2022–2023, when domestic air traffic reached nearly 97% of pre-COVID levels. India has the fastest-growing air passenger market in the world, with a population of almost 1.4 billion. This is primarily because of the country's developing infrastructure, which is expected to increase passenger numbers from 158 million in 2017 to an estimated 572 million by 2037, mostly because of the country's growing middle class. The growing importance of India in the global passenger business is examined in this article.