The civil aviation industry in India has emerged as one of the fastest growing industries in the country during the last three years. India is currently considered the third largest domestic civil aviation market in the world.
The country has 86 scheduled international airlines comprising of 5 Indian carriers and 81 foreign carriers, which ensure that India is well connected with most major countries. Revenue passenger kilometres (RPK) in domestic airline demand rose by 18.7% in 2017-18. Indian carriers reported a combined profit of $ 122 mn in 2015-16.
In February 2019, the Government of India sanctioned the development of a new green-field airport in Hirasar, Gujarat, with an estimated investment of Rs.1,405 crore ($194.73 mn). As of January 2019, the Government of India is working on a blueprint to promote domestic manufacturing of aircrafts and aircraft financing within the country.
Up to 100% FDI in civil aviation in India 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 in aviation sector is permitted in Ground Handling Services subject to sectoral regulations & security clearance under the automatic route.
9th largest Civil Aviation market in the world
Fastest growing domestic air market in the world
Aviation sector in India currently supports 8 million jobs
The Aviation sector in India currently contributes $72 bn to GDP
Domestic airlines carried 123.32 mn passengers during 2017-18 compared to 103.75 mn during the previous corresponding period. For the corresponding period, IndiGo held a market share of 39.7%, followed by Jet Airways (15%), SpiceJet (13.1%), Air India (12%), GoAir (8.8%), AirAsia India (4%), Vistara (3.6%) and JetLite (2.2%)
To cater to the rising air traffic, the Government of India has been working towards increasing the number of airports. As of March 2019, India has 103 operational airports. India has envisaged increasing the number of operational airports to 190-200 by FY40
In FY18, domestic freight traffic stood at 1,213.06 million tonnes, while international freight traffic was at 2,143.97 million tonnes
As of July 2018, there were nearly 620 aircraft being operated by scheduled airline operators in India. The number of airplanes is expected to grow to 1,100 planes by 2027
Atal Bihari Vajpayee's memorable 1996 Parliament trust vote speech
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PM Modi greets children at the 73rd Independence Day Celebrations at Red Fort Delhi.