Skift Take
There has been a surge in international travel among Indians, powered by increase in spending power. Indian airlines, to serve this growth in demand, are expanding their operations.
— Bulbul Dhawan
Indian airlines will account for half of the country’s international passenger traffic by the 2027-28 financial year, according to a report by credit rating agency CRISIL Ratings. That’s up from 43% this fiscal year, with India’s international passenger traffic at around 70 million.
What’s driving the growth? According to Manish Gupta, senior director at CRISIL, there has been a noticeable shift in spending patterns post-Covid. He said there is an increasing inclination of Indians towards international leisure travel. Skift Megatrends also noted that the spending power of the Indian middle class is likely to significantly impact the growth of the global travel industry.
Gupta…
