Four years after the Covid-19 pandemic turned businesses upside down, the airport sector is expected to see a 30 per cent growth in the current financial year ending on March 31, 2025, suggesting a robust economic growth in the country. The growth rate was calculated based on a study of 10 top private airports conducted by Crisil Ratings. The study forecast a 10 per cent increase in passenger traffic in the country over the previous financial year.
About two-thirds of the increase in the revenue of airports is expected to come from aeronautical sources such as fees collected from passengers, airlines and cargo operators for use of infrastructure. A strong growth in this segment indicates that people — both for personal and professional reasons — would travel more by air. As air travel correlates with economic growth, the growth in the income of the airport sector would show up the macroeconomic indicators of the country.
The Crisil Ratings study also forecasts…