New Delhi, Jan. 31 -- India's aviation market is flying high and is the fastest-growing globally, the Economic Survey 2024-25 said on Friday, highlighting that the country's airlines have placed among the largest orders for aircraft globally to accommodate growth in air traffic.

There was a 6.12% increase in total domestic air passengers to 161.3 million in 2024 from 152 million in 2023, as per data by the Directorate General of Civil Aviation.

India's domestic flights recorded a passenger load factor of 86.4 per cent in 2024 to forge ahead of the US (84.1%) and China (83.2%), according to the latest report of the International Air Transport Association. Passenger load factor is a measure of capacity utilisation.

In terms of aircraft o...