India to have a billion air travellers by 2040

New Delhi (FIB): The Adani Group — India’s largest private airport operator (in terms of number of airports in its portfolio) that currently manages seven operational airports including Mumbai’s CSMIA and is building the upcoming hub at Navi Mumbai — expects India to have a billion air travellers by 2040, with passenger traffic growing by an average 8.5% over the next 20 years.

Adani Airport Holdings Limited (AAHL) CEO Arun

Bansal made this forecast on Wednesday, while adding the group will bid for more airports in the future. The focus is also on cityside development because

Ambitious Plans Ahead

z Adani Airport Holdings Limited (AAHL) CEO Arun Bansal made this forecast at a CAPA summit, while adding the group will bid for more airports in the future. The focus is also on city-side development because India an average three people come to recover or see off every passenger

India an average three people come to recover or see off every passenger.

INDIAN AIRPORTS’ REVENUES TO RISE TO $3.9 BILLION NEXT FISCAL YEAR

New Delhi (PTI): Indian airport operators are projected to report 26% rise in revenues at $3.9 billion in the next financial year, aviation consultancy CAPA India said on Wednesday. For 202324, air passenger traffic, including domestic and international, is expected to be 395 million, it said while presenting the outlook for the airports. Out of the total, domestic air passengers will rise to 320 million from 275 million this fiscal. During this period, the international air passenger count will increase to 75 million from 58 million.

to be on making infrastructure robust, both hard infrastructure which includes airports as well as critical infrastructure, which includes pilots, among others.

Adani lost `3,000 crore of wealth every week over the last year and his overall networth is down 60% from its peak, as per the M3M Hurun Global Rich List, which pegged Adani's overall fortune at $53 billion as of mid-March.

Ambani also suffered a decline in his fortune but could displace Adani as the richest Indian as his networth declined by 20% to $82 billion. Both Adani and Ambani have slipped down the global billionaires rankings because of the decline in wealth.

Average salary likely to rise 10.2% on ecomm, infotech

The existing Mumbai Airport is running to capacity and all eyes are on the upcoming Navi Mumbai International Airport (NMIA) to cater to the megapolis’ growing air connectivity requirement.

Bansal says NMIA is being developed with an ultimate capacity to handle 9 crore passengers and 2.5 million MT of cargo per annum. While air travel is almost back to pre-Covid levels, new airports getting operational and over 30 cities getting dual hubs will see the billion mark by 2040 — up from current 20 crore.

Mumbai (PTI): Average salary in India is expected to increase by 10.2% in 2023, mainly driven by ecommerce, professional services and information technology, a report said.

The average salaries in India will increase by 10.2% in 2023, lower in comparison to 10.4% (actuals) in 2022, but still in double digits, according to a 'Future of Pay' 2023 report.

The projected salary increases for 2023 are slightly lower than the actual increases for 2022 across all job levels, except for bluecollar workers, who are projected to have a slightly larger decrease in compensation in 2023, it stated.

The top three sectors with the biggest projected salary increases are tied to technology, said the report.

E-commerce has the highest projected salary growth at 12.5%, followed by professional services.

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