Indian Aviation Industry

India has envisaged increasing the number of operational airports to 220 by 2025.

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.

* India will require over 2200 aircraft by 2042.

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.

* Revenues of domestic MRO services providers in India are expected to triple by FY28.

* Union Budget 2024-25 introduces incentives to boost MRO activities in aviation, including extending export and re-import periods for repairs and implementing a 5% uniform IGST on aircraft parts.

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.

* The Ministry of Civil Aviation is developing Public-Private Partnership (PPP) modalities for the privatization of 25 airports under the National Monetization Pipeline.

Increasing Investments
Last updated: Apr, 2025

Aviation India / Major Airports

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

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INDIA FLYING HIGH

India is the fastest growig domestic air market in the world

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