Correct Answer : 7%
India's air traffic to annually grow by nearly 7 per cent(7%) through 2040, and is bullish on the "massive potential" in the air cargo space, expects aircraft maker Boeing. The firm is also looking to increase the sourcing of raw materials from the country.
Strong recovery is gaining further momentum in Indian aviation and it is one of the fastest growing markets, Boeing Managing Director (Marketing) David Schulte on 1 September 2022.
In a presentation made here on Wednesday(31st Aug 2022), Boeing said that India's airlines will lead air
traffic growth through 2040,
growing at a rate of 6.9 per cent. According to the firm, the growth for the
South East Asia market is pegged at 5.5 per cent,
China (5.4 per cent),
Africa (5.4 per cent) and
Latin America (4.8 per cent)..
Source : Mint
