Indian aviation industry faces headwinds due to high fuel prices:
The Indian aviation industry is facing headwinds due to high fuel prices and a weakening rupee. Airlines in India are struggling to maintain profitability and have been forced to increase fares to offset rising costs. According to the International Air Transport Association (IATA), India's domestic air traffic growth slowed to 5.6% in 2022, compared to 18.6% in 2021. The industry is calling for government intervention to reduce taxes on aviation fuel and to provide financial assistance to airlines.
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