India’s air cargo seen growing in 2023

India’s air cargo traffic is projected to increase to 2.5 million tonnes in 2023, according to the Trade and Transport Group’s recently published report ‘India Air Cargo Outlook 2023.’ In terms of relative size, India’s air cargo traffic was one-fifth the size of China’s and one-tenth the size of the US air cargo market, with roughly 30% of traffic generated domestically and the remainder internationally. Aerologic is currently the largest carrier in the Indian market (14%), followed by Qatar Airways (12%), Emirates (12%), Air India/Air India Express (8%) and Cathay Pacific (7%). According to the report, Air India and Air India Express account for two-thirds of all traffic carried by Indian carriers, with IndiGo, Vistara and SpiceJet accounting for the remainder. India could benefit from a shift away from China by the United States and Europe, added the report.