Indian airline market rising fastest

India's airline passenger market could emerge as the world's fastest growing, an aviation consultancy said Thursday, as it forecast the nation's private carriers would return to profit next year. "India could be the strongest growth market in terms of passenger numbers globally for the next 10 to 15 years," Kapil Kaul, India chief of the Singapore-based Centre for Asia-Pacific Aviation, told AFP. His comments came as the Singapore-based consultancy said in a report India's private airlines should return to profit in the next financial year after bruising losses. With India's economy rebounding, private carriers are expected to post a total profit of 250 million dollars to 300 million dollars in the fiscal year which starts in April, the report said. "After a turbulent couple of years, 2010 should be a more positive year for Indian aviation, provided that the airlines can remain disciplined on costs, capacity and pricing," the consultancy said. "Now we are entering the profitable phase," Kaul said. The private carriers include Jet Airways, SpiceJet, Kingfisher and Indigo, part of a clutch of new airlines which took flight earlier in the decade after India liberalised the sector.