India's aviation sector is enjoying a steady growth. Passenger output rose to 144 million in FY 2011 from 73 million in FY 2006, as per a joint study by FICCI–KPMG (2012). This positive growth path can be attributed to the 11th Five-Year Plan (2007–2012).
Passenger throughput increased to 159 million and cargo to 2.19 million metric tonnes (MMT) in FY 2013, a compound annual growth rate (CAGR) of 13 per cent and 10 per cent respectively over the period FY 2003–2013, as per data from the Airports Authority of India (AAI).
The foreign direct investment (FDI) inflows in air transport (including air freight) during April 2000 to March 2014 stood at US$ 495.24 million, as per data released by Department of Industrial Policy and Promotion (DIPP).
By 2020, passenger traffic at Indian airports is expected to touch US$ 450 million from 159.3 million in 2012–13. The travel & tourism industry is predicted to grow 7.9 per cent to US$ 270.5 billion in 2023 from US$ 119.4 billion in 2012.