MoCA Secretary announces plans to set up satellite accounting system for aviation

Mumbai: With the aviation sector becoming the growth indicator of the Indian economy, Dr SNA Zaidi, Secretary, Ministry of Civil Aviation (MoCA) last week announced plans to set up a satellite accounting system to quantify the sector's contribution to the country's GDP.
According to a report in Economic Times, speaking at the II National Aviation Economics and Statistics Workshop organised by infrastructure company GMR Group in New Delhi recently, Zaidi said, “We have requested the Central Statistical Organisation to help us out with the satellite accounting system so that we can assess the sector’s contribution to the country’s GDP.”
According to industry experts, the per capita amount spent by a country’s population on travelling is a growth indicator of the country. With nine-ten per cent growth forecast for India and a subsequent increase in the disposable income, the aviation sector has become an important growth indicator. Industry studies have said that developed countries record more air trips per capita. For e.g. United States has around 2.5 trips per year per capita with a population of about 309 million, whereas India has under 0.5 trips per capita per year, even though it has a much larger population.
10/01/11 TravelBizMonitor

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Categories: Indian Aviation- In General Jan 2011