India becomes world's third largest aviation market

MoS for Civil Aviation Jayant Sinha on Tuesday said that India has emerged as the world's third largest aviation market, with passenger traffic exceeding 10 crore in 2016-17. Meanwhile, Civil Aviation Minister Ashok Gajapathi Raju said "average or median airfares" fell by 18% during 2016-17. Further, domestic flight movements rose from 7 lakh in 2014 to 8.2 lakh in 2016.