New airports expected to attract investments worth INR 2.3 trillion

As per consulting firm Praxis Global Alliance, with the growing demand for airports, India needs an average additional 34 airports by 2025, and about 125 airports by 2030 to meet the 350-400 million additional passengers demand forecasted by 2030. "Indian airport infrastructure sector is expected to grow at a steady CAGR as Covid-19 clouds clear and demand increases," the consulting firm's report said
"India's air travel demand had grown at an 11 per cent CAGR over FY16-20, primarily driven by growth in domestic air travel. However, Covid-19 impacted airport business resulting in an 85 per cent decline in international travel and more than 60 per cent decline in domestic travel in FY21."

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