With an anticipated 3-fold increase in domestic air traffic, the Indian aviation sector has the potential to contribute to over 5 per cent of the GDP and create economic value of up to $250 billion on an annual basis by 2025, according to an industry report titled ‘Maximising the contribution of aviation to the Indian economy,’ released on Friday (30 October) .
The report commissioned by Tata SIA Airlines Ltd, the parent of India’s new full service airline — Vistara, was intended to inform and sensitise policy makers and other stakeholders about the enormous benefits of liberalising aviation in India..
Looking at the global data and international best practises, the report underlines the need for a supportive supply and regulatory environment to realise the aviation industry’s transformative potential.
31/10/15 CH Unnikrishnan/BusinessWorld
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The report commissioned by Tata SIA Airlines Ltd, the parent of India’s new full service airline — Vistara, was intended to inform and sensitise policy makers and other stakeholders about the enormous benefits of liberalising aviation in India..
Looking at the global data and international best practises, the report underlines the need for a supportive supply and regulatory environment to realise the aviation industry’s transformative potential.
31/10/15 CH Unnikrishnan/BusinessWorld
