Air cargo traffic growth in India reached a 3-year high in November 2017, on the back of double-digit increase in both domestic and international cargo volumes.
“Air cargo volumes are closely linked to domestic and international macroeconomic conditions. Given the recovery in domestic economic activities post the transitional impact of Goods and Services Tax (GST) rollout, the cargo volumes have picked up. Both domestic and international cargo volumes reported robust growth in November 2017, increasing by 17 per cent and 21 per cent year-on-year, respectively,” said Harsh Jagnani, Vice-President and Sector Head for Corporate Ratings, ICRA.
Meanwhile, air passenger traffic in the country, at 26 million in November 2017, has exhibited a healthy year-on-year growth of 15 per cent.
