Summary India has been one of the fastest-growing airline markets in the world, with the country's population surpassing 1.4 billion people. IndiGo was the leading airline in terms of market share as of June 2024.
Air India and Vistara are the other two leading carriers in India. India has been one of the fastest-growing aviation markets in the world, being recognized by foreign airlines, aircraft manufacturers, and executives as a country that could potentially outgrow the Chinese market. India's population has almost caught up to or surpassed China's, with the United States Census Bureau's data showing that in 2023, the former had 1.
4 billion inhabitants, while the latter had a population of 1.416 billion. Meanwhile, The World Bank data showed that India has more people than China, with the two countries being home to 1.
428 billion and 1.41 billion, respectively. Whatever the case might be, India's aviation market was still in its early development phase, with many of the country's airlines going bust in recent years.
This included Kingfisher Airlines , Jet Airways , and Go First, previously known as GoAir , with SpiceJet, another Indian low-cost carrier, battling debts to survive. At the same time, Indian carriers definitely have a lot of ambition, which includes huge aircraft backlogs following massive aircraft orders. Once Air India was finally privatized and has been owned by Tata Group, an Indian conglomerate, the carrier went on a shopping spree, buying hundreds of ai.