Growth of Aviation Industry in India - Infographic

The Indian civil aviation sector has grown to become the third-largest in the world in terms of 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.

* In June 2023, the US committed to creating a global hub for MRO for high-end drones in India.

Opportunities in MRO

Policy
Support

* 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

Policy Support

Increasing
Investments

* Six international airports completed under PPP. The sector is expected to witness investments worth US$ 25 billion by 2027

* Growing private sector participation through the Public-Private Partnership (PPP). The number of PPP airports is likely to increase from five in 2014 to 24 in 2024.

Increasing Investments
Last updated: May, 2024

Aviation India / Major Airports

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

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