There have been many positive developments in the India’s fast-moving civil aviation sector. The National Civil Aviation Policy (NCAP) has finally been put into place and India has emerged as the fastest growing aviation market in the world. Currently ranked ninth, India is predicted to rise to third largest within two to three years.
Passenger traffic has increased by 17.6 percent in 2015-16 and growth is being maintained in 2016-17, with traffic growing at 19.1 percent during the period April to November. According to AAI (Airports Authority of India), over the next two years, traffic is projected to grow at 14 percent per annum to reach 290 million by 2017-18.
This staggering growth has had a number impact on the numbers connected with the aviation industry in India:
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India’s new Aviation Policy came into force in June 2016, following a considered and successful consultation period.
With India as the world’s fastest-growing aviation market, and expected to become the third largest aviation market in the world before 2025, the new policy reflects that position and enables the country to work towards accelerating growth.
The Indian Government first released their draft policy in 2014, making revisions and gaining feedback from stakeholders throughout the two-year period to produce a well thought-out and integrated policy to encourage the development of the Indian Aviation market.
The vision is to make flying affordable for the masses. The Indian Government also aims to enable: Read More »
In our last blog we reviewed the current situation of India’s aviation industry, looking at their problems in capacity against their growing passenger numbers. This time we look at what is planned by the Indian government and investors to combat this. Read More »
India is expected to become the third largest aviation market before 2025, but the industry is not without its challenges. Over our next few blogs, we’ll be looking at the current situation in India, upcoming developments and the future of aviation. Read More »