Indian Aviation, flying high
India is now the 3rd largest- and fastest growing- aviation market in terms of domestic tickets sold.
India has 91 international carriers comprising of 5 Indian carriers and 86 foreign carriers, which ensure that India is well connected with most major countries. Revenue passenger kilometre (RPK) in domestic airline demand growth of 18.6% in 2018 was three times the global RPK growth of 6.5%.
- Indian carriers are projected to increase their fleet size to 1,100 aircraft by 2027.
- Freight traffic on Indian airports is expected to cross 11.4 MT by 2032.
- Government agencies projects requirement of around 250 brownfield and green-field airports by 2020.
- India is the fastest-growing aviation market and is expected to cater to 520 mn passengers by 2037.
- India has been projected to be the second-fastest-growing country in the world for passenger traffic by the Airports Council International (ACI) in its traffic forecasts between 2017-40.
- Demand for aircraft in India is expected to be 1,750 by 2037.
Up to 100% FDI is permitted in Non-scheduled air transport services under the automatic route.
Up to 100% FDI is permitted in helicopter services and seaplanes under the automatic route.
Up to 100% FDI is permitted in MRO for maintenance and repair organizations; flying training institutes; and technical training institutes under the automatic route.
Up to 100% FDI is permitted in Ground Handling Services subject to sectoral regulations & security clearance under the automatic route.
For further details, please refer FDI Policy