Arif Ali Biswas
Airline-industry size in the
Worldwide, the airline industry generates
about $640 billion in revenue annually.
Globally, airline revenues have increased
throughout the period of economic recovery,
from 476 billion USD in 2009 to 597 billion
USD in 2011, representing a 9.3% year-on-
Airline-industry size in India
Air transport currently supports 56.6 million
jobs and accounts for over US$ 2.2 trillion of
the global gross domestic product (GDP).
India is currently the 9th largest aviation
market handling 121 million domestic and 41
million international passengers.
Today, more than 85 international airlines
operate to India and 5 Indian carriers connect
over 40 countries.
Application of the four
characteristics of services to the
Type of service process applicable to the
Growth Prospect for the future:
Indian aviation market is poised to become the
third largest across the globe by
2020, according to industry estimates.
The Indian Government has also been
visionary in terms of the talent requirement for
the flourishing aviation industry in future.