The country’s civil aviation sector has significant potential, according to the Economic Report made available by the finance ministry, since of rising middle-class demand, increasing disposable incomes, and favorable demographics
According to President Droupadi Murmu, India has risen to become the third-largest aviation market in the world and is expanding quickly, with 147 airports as opposed to just 74 in 2014.
India’s aviation industry
According to the President, the Udan Yojana, the government’s expansive program for regional air connectivity, has been crucial in this regard. Over the past six years, Udan flights have carried about 11.5 million people.
The country’s civil aviation sector, according to the Economic Report released by the finance ministry, has significant potential because of rising middle-class demand, increased disposable incomes, and favorable demographics.
According to the Economic Survey, air travel has recovered after the coronavirus pandemic-related restraints were lifted.
While air traffic decreased significantly in FY21 (by 54 percent) and passenger traffic handled decreased significantly (by 66 percent), a recovery was seen in the previous fiscal year.
“Passenger and freight movement are now near to pre-Covid-19 levels in the current financial year, further demonstrating a resurgence. According to the poll, the overall number of passengers carried in December 2022 was 15.01 million, which was 106.4 percent higher than the pre-Covid level.
According to the survey, the overall air freight tonnage in November 2022 was 250,000 MT, which is 89 percent below pre-Covid levels.
