Indian Aviation, flying high
India is considered to be the third-largest domestic Civil Aviation market in the world.
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. India has connectivity with 59 countries through 344 routes. Revenue passenger kilometre (RPK) in domestic airline demand growth of 18.6% in 2018 was three times the global RPK growth of 6.5%.
- India aims to become the third-largest aviation market globally by 2024
- Indian carriers plan 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.
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