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Growth in air cargo transportation
BUSINESS ECONOMICS
|August 16-31, 2019
The air transport industry in India contributes around $30 billion annually to India’s GDP.
It directly employed more than 390,000 people while supporting another 570,000 in the supply chain as per a July 2016 study carried out by the Air Transport Action Group (ATAG). Air cargo transportation drives economic and social growth and accelerates global trade. An estimated value of 35% of global trade is carried by air though it accounts for less than 1% by volume. It has been supporting e-commerce with global majors like Amazon and Uber, who are now taking up their own freight operations while initiating plans to use next-gen Vertical Take-Off and Landing (VTOL) aircrafts for their aggregation and door-to door distribution operations.
Why airways?
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