Investment in Airport Projects up
The growth in the investment in the airport infrastructure in the country has been higher than the growth of economy. The reason for this has been the fact that air passengers traffic has been consistently growing at a higher growth rate than the growth rate of GDP. The passengers traffic from 2001-2002 to 2011-12 (last 10 years) has grown @ 15% as against the GDP growth rate of 7% to 9%. To cope up with the higher growth of air traffic, the investment in airports was made keeping with the growth in the traffic.
At the end of XI Plan (2007-2012), total passenger handling capacity at all Indian airports was 197.77 million against the demand of 162.30 million passengers i.e. capacity is ahead of demand.