IATA has reported that India is the second fastest growing market of the world in terms of air cargo. It i next only to the Middle East Region which is growing at the fastest rate in world. India lies at a crucial geographical location, between the fast growing economies of the Est and the developed markets of Europe and America. It has a stable, democratic polity and a fast growing economy which makes it a potential candidate for emerging as a world cargo hub in future.
Indian cargo market is expected to grow at the compounded annual growth rate of about 7 percent. IATA also predicts that by 2018, four years from now, India will be among the 10 largest cargo markets of the world.
Out of the 10 largest markets that would emerge in 2018, only two are European- Germany nd UK. Besides USA and China, the other emerging markets would be UAE, Hong Kong, South Korea, Chinese Taipei and Japan.