Indian Aviation on a Growth Path

The Aviation Industry in India has emerged as one of the fastest growing industries in the country, especially so during the last three years. Introduction of low-cost carriers, FDI in domestic airlines, advanced information technologies, modernization of airports, and increasing emphasis on regional connectivity has led to the sector’s unprecedented growth in recent years.

This remarkable growth has propelled India to be counted amongst the top seven aviation markets, with 187 million passengers (to, from and within India) during FY 2017-18. India today handles the third largest domestic traffic after USA and China and is expected to become the third largest market (domestic plus international) by 2022.

The government’s focus is also on developing an aircraft financing and leasing model in the country and leveraging the country’s large engineering pool to develop a hub for maintenance, repair and overhaul (MRO) services, and thereby achieve self-reliance in aircraft maintenance and engineering services.

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