Future of Aviation Industry in India

By: ICRI India
 
NEHRU PLACE, India - Oct. 9, 2018 - PRLog -- 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 is expected to become the world's largest domestic civil aviation market in the next 10 to 15 years. The aviation sector has emerged as one of the most rapidly developing industries in India. India is presently considered as the third largest domestic civil aviation market in the world. The International Air Transport Association (IATA) affirms that the country will surpass the UK and will reach the second place by 2026. The aviation sector in India has witnessed a tremendous change in both Civil and Military aviation in the last three years. The job opportunities within the industry are highly increasing and it is the right time for candidates who aspire to build a progressive career in the aviation industry. Check out the article to know how will be the future of civil aviation industry. Indian civil aviation sector has continued to experience high passenger growth (domestic traffic CAGR is 17% from 2009 to 2011), and if the trend continues it could rank among the top three aviation markets in the world by 2020. According to Indian Aviation, spreading its wings, a stable market growth rate coupled with infrastructure expansion will help the sector back on its feet as the economy recovers.

In near future, domestic air travel will be more popular than before and expected to become the ordinary way of transportation. The demand for the aviation industry in recent time predicts the concrete reality of the future. Aviation industry can grow immensely as India has very suitable weather conditions almost all the time. The Government is taking different measures for helping the growth of the industry, so that the industry may play its part in the complete development which India is planning for its people.The latest report on civil aviation predicts an overall development in air traffic. The number of passengers and also the volume of goods and mails carried by airplanes today show a substantial increase over those of the last few years. This indicates that civil aviation will have a bright future. The aviation sector is expected to witness great flow in investments from private players. By 2020, the number of aircraft touches the sky is expected to be 800. The low penetration ratio provides a significant opportunity for investment in the Indian aviation sector.  Aviation is not only an essential form of peacetime communication but also a vital part of the defense organization, the State cannot remain indifferent to its development along proper lines.

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