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How FDI Helps in the Development of Indian Civil Aviation Sector?

How FDI Helps in the Development of Indian Civil Aviation Sector?

In the current global economy, connectivity is important for several reasons. This includes transporting people to work, travellers to locations and goods to markets. All these things are essential for India’s advancement. 49% of FDI in Civil Aviation was introduced to revive the ailing sector of the country. It was expected that this would comprise foreign direct investment in both the civil aviation sector and foreign portfolio investment, among other investments. Despite the government approving FDI in the civil aviation…

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