India bright spot for global air freight - ITLN

Global cargo revenue is projected to be $142 billion in 2023, a decrease from previous years but still higher than pre-pandemic levels. The decrease in revenue is attributed to increased passenger capacity and potential economic cooling measures. However, the Indian cargo industry remains a bright spot, with growth expected due to economic growth and increased trade. The Indian air cargo market is smaller than China and the US but is expected to reach 2.4-2.5 million tonnes in 2023. Challenges such as climate change and airport infrastructure may affect the industry's goal of reaching 10 million tonnes.

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