More Indians taking to the skies, but there could be turbulence ahead
New Delhi
A MAJOR acquisition by Indian budget airline SpiceJet last week underscored the vast potential of the world's fastest growing aviation market, but experts say woefully inadequate infrastructure and high operating costs could threaten the industry's rapid expansion.
India's burgeoning middle classes are taking to the skies in ever greater numbers, with passenger growth of 20 per cent in 2015, according to industry body IATA - nearly double China's 11 per cent increase over the same period.
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