Cargo seen growing at 9-11 pc in FY25

Overall air cargo volumes in India are expected to see a healthy year-on-year growth of 9-11% to 3.6-3.7 million tonnes this fiscal year on the back of estimated higher domestic and international cargo volumes while the outlook on airport infrastructure is stable, according to rating agency ICRA. It expects international cargo volumes to expand 11-13% while domestic cargo growth is estimated at 4-6%. International cargo volumes saw a muted year-on-year rise of 1% in the April-September period of FY24 owing to the slowdown in the global economy and geo-political conflicts. However, international cargo volumes surged 18% in the second half of the previous fiscal year amid the Red Sea crisis which started in October 2023. Consequently, seaborne cargo traffic was impacted, which in turn benefitted international air cargo traffic, as per a report.