India's Aviation Sector Soars: Massive Growth Potential Despite Low Airport Density

• Economic Survey 2026 highlights India's substantial aviation growth headroom with only 0.11 airports per million people, far below the US and China.
• India is the world's third-largest domestic aviation market, with operational airports more than doubling to 164 in 2025 from 74 in 2014.
• 24 greenfield airports have received in-principle approval, with 13 already operational, including Navi Mumbai International Airport, to enhance connectivity and ease congestion.
• Passenger traffic surged to 412 million in FY25, with projections of 665 million by FY31, driven by rising incomes and regional connectivity initiatives like UDAN.
• Air cargo volumes grew from 2.53 MMT in FY15 to 3.72 MMT in FY25, supported by infrastructure upgrades and policy reforms, despite a recent moderation in growth.

Why It Matters: India's aviation sector shows immense growth potential, driven by infrastructure expansion and policy support.