0
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
Wiki User
∙ 16y ago
Wiki User
∙ 12y agohe Role of Aviation Industry in India GDP in the past few years has been phenomenal in all respects. The Aviation Industry in India is the most rapidly growing aviation sector of the world. With the rise in the economy of the country and followed by the liberalization in the aviation sector, the Aviation Industry in India went through a comp
Role of Aviation Industry in India GDP-FDI PolicyThe Reserve Bank of India (RBI) announced that foreign institutional investors might have shareholdings more than the limited 49% in the domestic sector.
Airports- Foreign equity up to 100% is allowed by the means of automatic approvals pertaining to establishment of Greenfield airports
- Foreign equity up to 74% is allowed by the means of automatic approvals pertaining to the existing airports
- Foreign equity up to 100% is allowed by the means of special permission from Foreign Investment Promotion Board, Ministry of Finance, pertaining to the existing airports
- The growth in the Indian economy has increased the Gross Domestic Product above 8% and this high growth rate will be sustained for a good number of years
- Air traffic has grown enormously and expected to have a growth which would be above 25% in the travel segment
- In the present scenario around 12 domestic airlines and above 60 international airlines are operating in India
- With the growth in the economy and stability of the country India has become one of the preferred locations for the trade and commerce activities
- The growth of airlines traffic in Aviation Industry in India is almost four times above international average
- Aviation Industry in India have placed the biggest order for aircrafts globally
- Aviation Industry in India holds around 69% of the total share of the airlines traffic in the region of South Asia
- Initializing privatization in the airport activities
- Modernization of the airlines fleet to handle the pressure of competition in the aviation industry
- Rapid expansion plans for the major airports for the increased flow of air traffic
- Immense development for the growing Regional Airports
- Up to 49% of foreign equity is allowed by the means of automatic approvals pertaining to the domestic air transport services
- Up to 100% of NRI investment is allowed by the means of automatic approvals pertaining to the domestic air transport services
lete transformation in the recent period.
Add your answer:
Earn +20 pts
What is the contribution of service sector to the economy of Tanzania?
Contribution of the Service in Indian Economy?
What is the contribution of the insurance sector in the Indian economy?
There has been a great contribution of insurance sector in Indian economy. This has created more jobs and people are taking greater risks in investing and expanding business due to their insurance covers which has boosted the economy.
What is contribution of bpo to the Indian economy?
It has a considerable contribution in the growth of the Economy.It has been patronizing people who are almost good for nothing.Besides it obviously fosters the Per capita Income.
Role of large scale industries in the development of Indian economy?
Role of large scale industry?
What is the farm economy in the West Indian islands based on?
The farm economy in the West Indies is based primarily on sugar and cocoa. Over the years, the farm economy in the West Indies has shrunk, and the tourism industry as grown.
What is the contribution of service sector to the economy of Tanzania?
Contribution of the Service in Indian Economy?
How India's improving economy have effected the development of the aviation industry?
as you all know that India is famous for TOURISM. There are many things for seen like Historical places, Indian culture, temples,so many of foreign people come here and see these places and because of domestic airline they easily can reach there in different places . Aviation industry is also help in developing Indian Economy.as you all know that India is famous for TOURISM. There are many things for seen like Historical places, Indian culture, temples,so many of foreign people come here and see these places and because of domestic airline they easily can reach there in different places . Aviation industry is also help in developing Indian Economy.
What is the contribution of the insurance sector in the Indian economy?
There has been a great contribution of insurance sector in Indian economy. This has created more jobs and people are taking greater risks in investing and expanding business due to their insurance covers which has boosted the economy.
Contribution of agriculture in Indian economy?
20% as in 2005-2006 statistical year
Contribution of Indian telecom industry to GDP?
In 2010, it is 5.7% and in 2009 it was 1.5%
How affects tsunami japan on Indian economy?
the japan tsunami can affect the Indian economy because the all the automobile parts are from japan such as Toyota and Suzuki so all the automobile industry will get ruined the Indian automobile industry in India
What is importance of IT industry in Indian Economy?
importance or need of information technology
Who is the father of Indian aviation?
JRD Tata is the father of Indian civil aviation.
Domestic airline effect on Indian aviation?
Domestic airline effect on Indian aviation?
Who is the Father of Indian Civil Aviation?
JRD Tata is the father of Indian civil aviation.
What is contribution of bpo to the Indian economy?
It has a considerable contribution in the growth of the Economy.It has been patronizing people who are almost good for nothing.Besides it obviously fosters the Per capita Income.
When was Indian Civil Aviation Airshow created?
Indian Civil Aviation Airshow was created in 2008.
