India will be among the fastest-growing aviation markets with its air traffic projected to grow at 7% annually through 2040, says aviation manufacturer Boeing.
Boeing’s projection is over a 20-year period, and the near-term growth would be much higher in India, explained Boeing Managing Director David Schulte during a press event.
The growth for the Southeast Asian market is pegged at 5.5%, while it is 5.4% for China and Africa, and 4.8% for Latin America.