Sharp fall in Indian air traffic signals real slowdown in the top tier of the economy
Babu Ghanta
Sep. 13, 2008

India is facing massive slowdown in economy from escalating energy prices. TIndia's air traffic reported the sharpest fall in air passengers in the four years since aviation boom started in summer 2004. With constant fare hikes, air passenger demand measured by passengers flown in August shrunk to 17.42 percent compared with 2007.

Only 29.22 lakh people took to the sky in August. In entire 2007 and this year so far, this figure remained over 3 million, except last December and this May when over 4 million people flew within the country.

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