New Delhi: Airline company Vistara on Tuesday pointed to the need for a supportive supply and regulatory environment in India to realise the aviation sector's potential to generate economic value worth $250 billion per annum by 2025.
Vistara which is a joint venture (JV) between India's TATA Group and Singapore Airlines revealed the figures in a report titled 'Maximising the contribution of aviation to the Indian economy'.
The report, prepared for the airline by the Centre for Asia Pacific Aviation (CAPA), estimated a three-fold increase in domestic air traffic and a potential for the sector to contribute to over five percent in the country's gross domestic product (GDP) by 2025.
By 2050, the report said that the sector could directly employ more than 2.3 million people.
06/10/15 IANS/Business Standard
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Vistara which is a joint venture (JV) between India's TATA Group and Singapore Airlines revealed the figures in a report titled 'Maximising the contribution of aviation to the Indian economy'.
The report, prepared for the airline by the Centre for Asia Pacific Aviation (CAPA), estimated a three-fold increase in domestic air traffic and a potential for the sector to contribute to over five percent in the country's gross domestic product (GDP) by 2025.
By 2050, the report said that the sector could directly employ more than 2.3 million people.
06/10/15 IANS/Business Standard
