18 August 2020 According to the recent IMF estimates (Jun20), Indias GDP growth for 2021 is estimated at ~6.0%, higher than the global economic growth of ~5.4% for 2021. INDIGO has highlighted that medium-to long-term growth prospects for the Indian economy remain robust, and the return of normalcy in airline travel Under-penetration of airline travel in India currently Rise in the working-class population Expansion in the middle-income demographic group in the country In FY20, for INDIGO, ASK growth stood at +19% YoY and RPK growth at +18% YoY. initiatives, liquidity enhancement and improvement in the fleet mix. Most of the new aircraft would be financed through an operating lessor model, generating significant liquidity in FY21-FY22. Employee cost was up 47% YoY to INR47b in FY20. The company expects employee cost to be 30% lower v/s pre-COVID-19 levels by the end of FY21 with the undertaken payroll control initiatives.