India’s Aviation Sector
Current Scenario
- Passenger Traffic Growth: Domestic traffic reached 306.79 million passengers in FY23; international traffic grew to 69.64 million.
- Infrastructure Expansion: Operational airports increased from 74 in 2014 to 157 in 2024.
- Fleet and Market Growth: 771 aircraft in service are expected to grow to 1,100 by 2027, and aviation revenue is projected to rise by 15-20% in FY24.
Government Initiatives in the Aviation Sector
- National Civil Aviation Policy, 2016: Aims to enhance affordability, ease of doing business and connectivity under the UDAN-RCS scheme.
- UDAN- RCS Achievements: 519 operational routes enhancing regional connectivity.
- FDI and Infrastructure Modernization: 100% FDI allowed in aviation sectors; Digi Yatra, NABH Nirman, and 21 Greenfield airports enhance efficiency and connectivity.
- Sustainability Focus: 73 airports using green energy; net-zero emissions targeted in new projects.
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