* Rising working group and widening middle-class demography is expected to boost demand.
*Country will become the third-largest aviation market in terms of passengers by 2024.
*India will require over 2200 aircraft by 2042.
* By 2028, the MRO industry is likely to grow over US$ 2.4 billion from US$ 800 million in 2018.
* Revenues of domestic MRO services providers in India are expected to triple by FY28, driven by a doubling aircraft fleet, government support, and ongoing MRO capex at airports, according to Crisil.
*As per the present FDI Policy, 100% FDI is permitted in scheduled Air Transport Service/Domestic Scheduled Passenger Airline (Automatic upto 49% and Government route beyond 49%). However, for NRIs 100% FDI is permitted under automatic route in Scheduled Air Transport Service/Domestic Scheduled Passenger Airline.
* Six international airports completed under PPP. The sector is expected to witness investments worth US$ 25 billion by 2027.
*The Ministry of Civil Aviation is developing public-private partnership (PPP) modalities for the privatization of 25 airports under the National Monetization Pipeline.
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