Domestic Air Passenger Traffic
Source: CMIE Economic Outlook, 1 Finance Research
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What does the Domestic Air Passenger Traffic data represent?
- Domestic Air Passenger Traffic data represents the total number of passengers carried by domestic airlines within India during a specific period.
What is the significance of the Domestic Air Passenger Traffic data?
- Trends in air passenger traffic provide valuable insights into the state of the aviation industry (including tourism, business travel, and hospitality), which is a significant component of the services sector.
- Domestic Air Passenger Traffic data not only reflects the health of the aviation industry but also provides insights into broader economic conditions, consumer behaviour, and the effectiveness of transportation and tourism-related policies.
- This data helps in assessing the impact of any recent government policies on aviation (such as taxation and regulation).
- This data is vital for stakeholders in the aviation sector, policymakers, and economists to gauge the pulse of the country's economic activities and plan for future growth.
How to interpret the Domestic Air Passenger Traffic data?
- Analysis of this data includes looking at long-term trends, seasonal variations (e.g., higher demand during holidays), and on events such as festivals or any major sports.
- High air passenger traffic suggests robust economic activity, indicating higher consumer confidence and disposable income. Conversely, a decline in air passenger traffic can be a sign of economic slowdown or reduced consumer spending.
- Domestic air traffic trends can be correlated with other economic indicators such as GDP growth, hotel occupancy rates, and broader tourism trends to understand the overall health of the economy.
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Capital Expenditure - Central Government
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Domestic Passenger Car Sales
EPFO Additions
Goods and Services Tax (GST) Collections
International Air Passenger Traffic
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Net Inflows - Services Trade
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Services Purchasing Managers Index (PMI)
