Growth of Aviation Industry in India - Infographic

India's aviation sector has become the third largest domestic aviation market in the world in terms of handling domestic traffic.

Advantage India

Robust
Demand

*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.^

Robust Demand Icon

Opportunities
in MRO

*By 2028, the MRO industry is likely to grow over US$ 2.4 billion from US$ 800 million in 2018.

*Land allotment for entities setting up MRO facilities in India has been revised to a period of 30 years in September 2021, from the current 3-5 years as the government aims to make India a ‘Global MRO Hub.’

Opportunities in MRO

Policy
Support

*Foreign investment up to 49% is allowed under the automatic route.

*Under Union Budget 2021-22, the government lowered the custom duty from 2.5% to 0% on components or parts, including engines, for manufacturing of aircrafts by public sector units of the Ministry of Defence.

Policy Support

Increasing
Investments

*Investment to the tune of Rs. 420-450 billion (US$ 5.99-6.41 billion) is expected in India’s airport infrastructure between FY18-23#.

*Growing private sector participation through the Public-Private Partnership (PPP).

Increasing Investments
Last updated: Sep, 2022

Aviation India / Major Airports

  • Delhi
  • Mumbai
  • Chennai
  • Bengaluru
  • Kolkata
  • Hyderabad
Aviation India

Posters

MORE
INDIA FLYING HIGH

INDIA FLYING HIGH

India is the fastest growig domestic air market in the world

IBEF Campaigns

MORE
India Organic Biofach 2022

India Organic Biofach 2022

Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nurember...

10th India Trend Fair 2022

10th India Trend Fair 2022

The Tenth Edition of the India Trend Fair, Tokyo, Japan is being organised ...

Case Studies

MORE

India's Infrastructure Ambitions

India's Infrastructure Ambitions

India is one of the world's fastest-growing economies, and infrastructure will play a massive role in helping the country take a huge development ...

SERVICE EXPORTS Moving Up The Value Chain

SERVICE EXPORTS Moving Up The Value Chain

India’s services industry is vast and the country has significant global standing in terms of services produced and exported. The sector contrib...

The Rise of India's Defence Exports

The Rise of India's Defence Exports

The Indian armed forces are one of the most powerful forces in the world comprising three divisions: the Indian Army, Indian Navy and Indian Air Force...

IBEF BLOG

MORE
India’s MSME Sector
7 Oct 2022

India’s MSME Sector

The Indian MSME Sector Micro, Small and Medium Enterprises (MSMEs) form th...

System for Pensions Administration – RAKSHA (SPARSH)
7 Oct 2022

System for Pensions Administration – RAKSHA (SPARSH)

Overview of System for Pensions Administration – RAKSHA (SPARSH) The...

Automobile Exports of India
30 Sep 2022

Automobile Exports of India

Introduction India is one of the world's largest automobile producers,...

Partners
Loading...