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    Aviation

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    Samil Musthafa
    The aviation industry in India is one of the fastest growing in the world and has emerged as a key driver of economic growth. Private airlines now account for 75% of the domestic market. India has become the third largest domestic aviation market globally and is expected to overtake the UK to become the third largest air passenger market by 2024. Factors fueling growth include rising incomes, business and tourism, low airfares, and government support like infrastructure investments. The sector is projected to see continued strong growth in passengers and require large investments in aircraft and airports to support rising demand.

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    Aviation

    Uploaded by

    Samil Musthafa
    398 views8 pages
    The aviation industry in India is one of the fastest growing in the world and has emerged as a key driver of economic growth. Private airlines now account for 75% of the domestic market. India has become the third largest domestic aviation market globally and is expected to overtake the UK to become the third largest air passenger market by 2024. Factors fueling growth include rising incomes, business and tourism, low airfares, and government support like infrastructure investments. The sector is projected to see continued strong growth in passengers and require large investments in aircraft and airports to support rising demand.

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    The aviation industry in India is one of the fastest growing in the world and has emerged as a key driver of economic growth. Private airlines now account for 75% of the domestic market. India has become the third largest domestic aviation market globally and is expected to overtake the UK to become the third largest air passenger market by 2024. Factors fueling growth include rising incomes, business and tourism, low airfares, and government support like infrastructure investments. The sector is projected to see continued strong growth in passengers and require large investments in aircraft and airports to support rising demand.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    398 views8 pages

    Aviation

    Uploaded by

    Samil Musthafa
    The aviation industry in India is one of the fastest growing in the world and has emerged as a key driver of economic growth. Private airlines now account for 75% of the domestic market. India has become the third largest domestic aviation market globally and is expected to overtake the UK to become the third largest air passenger market by 2024. Factors fueling growth include rising incomes, business and tourism, low airfares, and government support like infrastructure investments. The sector is projected to see continued strong growth in passengers and require large investments in aircraft and airports to support rising demand.

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    ROLE OF AVIATION INDUSTRY IN

    ACHIEVING 5 TRILLION INDIAN


    ECONOMY

    Presented by,
    KRISHNAPRIYA PRIYESH
    19206028
    AVIATION SECTOR IN INDIA

    Sector structure/Market size


    • The Indian aviation industry is one of the fastest growing aviation
    industries in the world. The government's open sky policy has led to
    many overseas players entering the market and the industry has
    been growing both in terms of players and number of aircrafts.
    Today, private airlines account for around 75 per cent share of the
    domestic aviation market.
    • 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. India has become the third largest domestic
    aviation market in the world and is expected to overtake UK to
    become the third largest air passenger* market by 2024
    Growth Rate

    24% annual growth


    How aviation industry is effecting
    india's economy?

    10 years back there were just 2 airlines. Both state owned .


    In the last 10years the economy has opened up. India has
    experienced growth rate of 8% per year.
    • The main factors which effect the Indian Economy are:-
    1. Increased no. of domestic airlines
    2. Low cost airlines
    3. India's improving economy
    • the other factors are:-
    1. Increased in no. of business travellers to
    different countries
    2.Incresed no. of incoming tourist and business enterprises
    Known Factors Influencing
    Growth Rate
    • Increased Inward and outward tourism
    • Increased competition has driven down prices
    and margins
    • Additional purchasing power due to rapidly rising
    real incomes amongst the middle class
    • Increased business trade due to the rapidly
    growing economy and free trade agreements
    with neighbouring countries
    • Favourable Government policies and tax
    reforms
    Upgrading Airport Infrastructure

    By 2020, Indian airports are estimated to


    handle:
    • 100 million passengers
    • Including 60 million domestic passengers
    • Cargo in the range of 3.4 million tonnes per
    annum
    Road Ahead
    • The Indian aviation sector is likely to see clear skies ahead in the years to
    come.
    • Passenger traffic is projected to grow at a CAGR of over 15 per cent in
    the
    next 5 years.
    • The Vision 2020 statement announced by the Ministry of Civil Aviation,
    envisages creating infrastructure to handle 280 million passengers by
    2020.
    • Investment opportunities of US$ 110 billion envisaged up to 2020 with
    US$ 80 billion in new aircraft and US$ 30 billion in development of airport
    infrastructure.
    • Associated areas such as maintenance, repair and overhaul (MRO) and
    training offer high investment potential. A report by Ernst & Young says the
    MRO category in the aviation sector can absorb up to US$ 120 billion
    worth of investments by 2020.
    • Aerospace major Boeing forecasts that the Indian market will require 1,000
    commercial jets in the next 20 years, which will represent over 3 per cent
    of Boeing Commercial Airplanes’ forecasted market worldwide. This
    makes India a US$ 100 billion market in 20 years.

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