After a relatively calm beginning to the week, marked by achievable gains, the conclusion of this trading week has seen turmoil sweep through equity markets across the globe. It has been a tumultuous period for traders, whether on Wall Street or Dalal Street.

ICRA projects that Indian air passenger traffic will grow between 8 to 13 percent in FY24, reaching 150-155 million and surpassing pre-Covid levels. The ongoing recovery in domestic and international air passenger traffic, coupled with a relatively stable cost environment, supports this positive outlook