Indian Aviation Industry

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

Posters

MORE
INDIA FLYING HIGH

INDIA FLYING HIGH

India is the fastest growig domestic air market in the world

IBEF Campaigns

MORE
Aatmanirbhar Bharat Utsav 2024

Aatmanirbhar Bharat Utsav 2024

Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...

Bharat Mobility 2024

Bharat Mobility 2024

Bharat Mobility Global Expo 2024 1 – 3 Feb 2024, Bharat Mandapam, ...

Case Studies

MORE

Spiritual Tourism in India: Analysing Economic Impact and Growth Potential

Spiritual Tourism in India: Analysing Economic Impact and Growth Potential

India, the country where millions of travellers come to seek spiritual fulfilment as part of their tourism journey, makes it an integral part of India...

Financial Resurgence: A Comprehensive Exploration of the Recent Boom in Mutual Fund Investments in India

Financial Resurgence: A Comprehensive Exploration of the Recent Boom in Mutual Fund Investments in India

Mutual funds play an indispensable role in capital markets, serving as a gateway for individuals and institutions to access a diverse range of securit...

Transforming India's Logistics Sector: Challenges and Opportunities

Transforming India's Logistics Sector: Challenges and Opportunities

The logistics industry plays a vital role in the dynamic economic landscape of India by enabling the efficient movement of goods and services througho...

IBEF BLOG

MORE
Examining the Economic Impact of India's Wedding Industry
13 Jun 2024

Examining the Economic Impact of India's Wedding Industry

India hosts around 10 million weddings annually. The Indian wedding industr...

ESG Investing in India: Navigating Environmental, Social and Governance Factors for Sustainable Growth
13 Jun 2024

ESG Investing in India: Navigating Environmental, Social and Governance Factors for Sustainable Growth

Environmental, Social and Governance (ESG) investing, also known as sustain...

Enhancing Public Transport: Steps Taken by the Indian Government to Strengthen Nationwide Connectivity
3 Jun 2024

Enhancing Public Transport: Steps Taken by the Indian Government to Strengthen Nationwide Connectivity

A good transportation system improves connectivity and contributes to a cou...

Partners
Loading...