The Indian aviation industry is one of the fastest growing aviation industries in the world with private airlines accounting for more than 75 percent of the sector of the domestic aviation market. The industry is growing at a compound annual growth rate (CAGR) of 18 percent. The country has 454 airports and airstrips, of which 16 are designated as international airports; Union Civil Aviation Minister has stated that the Indian aviation sector will become one of the top five civil aviation markets in the world over the next five years. Currently, India ranks ninth in the global civil aviation market.
The Hyderabad International Airport has been ranked amongst the world’s top five in the annual Airport Service Quality (ASQ) passenger survey along with airports at Seoul, Singapore, Hong Kong and Beijing. The Hyderabad International Airport is being managed by a public-private joint venture of the GMR Group, Malaysia Airports Holdings Berhad and the State Government of Andhra Pradesh along with the Airports Authority of India (AAI).The Indian aviation industry has shown continued growth in recent years with key drivers being positive economic factors (including high GDP growth), industrial performance, corporate profitability/expansion, higher disposable incomes and growth in consumer spending as well as wider availability of low fares.