The new Indian carriers are generating more than $1 billion in revenue in India each year.
The number of airlines flying in India grew from 13 airlines in 2001 to 25 airlines in 2015.
These airlines now make up the majority of the Indian airline fleet, which now makes up about 90% of the fleet.
The industry has seen a sharp increase in the number of domestic and international flights, with more than 200 domestic and 200 international flights operating in India in the last few years.
In 2017, there were approximately 7,000 domestic and 7,600 international flights.
According to a report by the airline industry body IATA, Indian carriers now make nearly three times as much money as their American counterparts.
This is not the first time that India’s airlines have done well.
In fact, there was a sharp slowdown in the economy in the early 2000s.
The airline industry experienced its own financial crisis after the 2008 financial crisis, with many airlines falling behind on their debts.
These debts were largely due to bad debt servicing and the fact that the country was not a safe haven for large banks and other financial institutions.
The airline industry suffered some losses during the recession, but the sector has rebounded recently.
In 2019, the country’s economy grew at an annual rate of 6.7%, which is higher than that of the United States and much better than China.
In 2016, the airline sector suffered a sharp downturn due to the collapse of the rupee, which plunged the value of the currency by almost 25%.
The number of Indian passenger flights in India increased from 8,942 in 2001, to 23,812 in 2015, to 36,923 in 2019.
According to IATA data, there are now 2,000 Indian carriers operating.
The new carrier fleets in India are expected to reach around 50 aircraft per year by 2020.
According the Indian Aviation Industry Federation, there will be more than 70 new carriers in the coming years, with new routes to be added on an annual basis.
This article originally appeared on The Hindu.