Aviation intelligence centre, CAPA – the Centre for Aviation – has published an extensive study of the Indian Travel Retail market in partnership with APTRA, the Asia Pacific Travel Retail Association. The report looks at the growth of the aviation sector across the sub-continent as well as the drivers of this growth, the performance of the travel retail sector across the market , plans for further development of the retail offer at Indian airports and a comprehensive consumer survey to understand the passenger profile and purchasing behaviour and motivations of the Indian traveller. The report also features interviews with some of the key stakeholders in India’s duty free and travel retail sector. CAPA estimates India’s airports will handle approximately 450 million passengers annually by 2020, making it the third largest market in the world. Broader trends in the aviation industry - such as the growth of low cost airlines, airport privatisation, regulatory and fiscal issues, and the ability for industry stakeholders to work together - also have an important influence on retail activity and each are addressed in the report.

CAPA and TFWA are pleased to provide an executive summary of the report for TFWA members.