“IN CASE OF CIVIL AVIATION, INDIA HAS THE THIRD-LARGEST domestic civil aviation market in the world. We are looking at a billion passengers per year. In a few years, we will be adding another 100 airports. A major airline ceased operations between December 2018 and April 2019. At that point of time, we had less than 600 civil aircraft, which have today increased to more than 750 aircraft. Does this look like an economic slowdown?” refuted Hardeep Singh Puri, Minister of State for Commerce and Industry while speaking at the first Asia Economic Dialogue organised in Pune by the Ministry of External Affairs along with the think tank Pune International Centre on March 2, 2020.
The economic situation of the country has been in a questionable state for quite some time now and the role of the aviation industry is an underestimated but a significant one in uplifting the economy. This is so because the aviation sector is interlinked with other sectors in the economy that generate enough income and employment opportunities.
Globally as well, aviation has been noted to be instrumental in driving global economic development. More than one-third of all trade by value is transported by air, making aviation a significant element of business all over the world. The aviation industry supports $2.7 trillion (3.6%) of the world’s gross domestic product (GDP), according to data shared by ‘Aviation: Benefits Beyond Borders’, a website by the commercial aviation industry body, the Air Transport Action Group (ATAG).
This story is from the March 2020 edition of SP’s Aviation.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 2020 edition of SP’s Aviation.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
CHARTINGA SUSTAINABLE COURSE
India's aviation sector is experiencing rapid growth accompanied by an inevitable surge in carbon emissions. To counter this environmental challenge, collaborative initiatives between airlines and the MoCA need to taken shape for the integration and adoption of SAF.
MARY ELLIS (1917-2018)
At one RAF base where Mary Ellis landed a Wellington bomber, the ground crew flatly refused to believe that she was the pilot. They even searched inside the bomber convinced that its male pilot was lurking somewhere.
INDIA TO LEAD COMMERCIAL AVIATION RECOVERY IN SOUTH ASIA
According to Boeing’s 2023 Commercial Market Outlook, India and South Asia are expected to have over 2,705 new airplane deliveries until 2042
BOEING 777X (777-9) MAKES ITS INDIA DEBUT
Boeing’s latest widebody 777-9 takes center stage at Wings India 2024, poised to redefine travel experience
SCRIPTING THE INDIAN AVIATION STORY
Connecting India to the world in Amrit Kaal and setting the stage for India Civil Aviation @2047
GOVERNMENT APPROVES BIG-TICKET MILITARY ACQUISITION WORTH ₹84,560 CRORE ($10.57 BN)
The Defence Acquisition Council (DAC) granted approval for Acceptance of Necessity (AoN) for various capital acquisition proposals amounting to ₹84,560 crore ($10.57 billion). The DAC also notified amendments in Defence Acquisition Procedure (DAP) 2020, reducing the overall procurement cycle for Start-Ups & MSMEs.
DEFENDING DRDO - RESTRUCTURE THE RESPONSIBILITIES
A strategic transformation of DRDO is needed to chart a course for excellence in defence technology and a more agile and responsive future
NETRA - EYES IN THE SKY
Indian AEW&C Platforms to Bolster Network-Centric Air Operations
FORCE MULTIPLIERS – ACTION UNFOLDING INDIA
Force multipliers play an undeniable role in amplifying air dominance, demanding continued investment and strategic implementation
IAF MODERNISATION ROADMAP
IAF’s pursuit of Air Space Supremacy amid a surfeit of challenges