India’s air cargo volumes are projected to grow by 9-11 per cent YoY to 3.6-3.7 million tonnes in FY25, supported by 11-13 per cent expansion in international and 4-6 per cent growth in domestic cargo, ICRA said.
ICRA’s outlook on India’s airport infrastructure is stable.
The credit profile of airport operators is projected to be strong, backed by healthy accruals and comfortable liquidity.