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. In FY20 (April-October 2019), domestic freight traffic stood at 0.80 million tonnes, while international freight traffic was at 1.20 million tonnes.
The country's passenger traffic stood at 199.60 million in FY20 (April-October 2019) where domestic passenger traffic reached 160.16 million and International passenger reached 39.43 million.
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.
Passenger traffic growth
Foreign Tourist Arrival growth
Total freight traffic
Aircraft movement growth
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
FDI in India Crossed 80 Billion Dollar Last Year: PM Modi
Indian Healthcare Sector Attracts Over USD 12 Billion in FDI: PM Modi
PM Modi pushes for Aatmanirbharta vision at CII Annual Meeting 2021
India must be aware of new FDI - Foreign Destructive Ideology. Says PM Modi.
FDI equity inflows into India cross $500 billion milestone