India's aviation sector, valued at ₹1.6 trillion (2023-24), contributes 2-3% to GDP. It is one of the fastest-growing sectors globally, driven by rising domestic travel, increasing disposable incomes, and government initiatives like the UDAN scheme, which improves connectivity to underserved regions.
Why Invest in the Aviation Sector
- Market Expansion: India will be the third-largest aviation market by 2025.
- Government Support: The UDAN scheme fosters affordable air travel.
- Infrastructure Growth: Ongoing investments in airports and terminals
- Rising Demand: Growing incomes and a young population are fueling air travel.
Incentives & Schemes
- UDAN Scheme: ₹1,000 crore for regional connectivity.
- Customs Duty Exemption: On aircraft imports.
- Aviation Infrastructure Fund: ₹15,000 crore for airport upgrades.
- MRO Policy: Promotes domestic maintenance services.
Highlights
- Growth Drivers: Rising air traffic and government-led infrastructure development.
- Accessibility Boost: Low-cost carriers are making air travel affordable.
Aviation Sector Data
| Category |
Details |
| Total Market Size |
₹1.6 trillion (2023-24) |
| Passenger Traffic |
150 million by 2025 |
| Domestic Airlines |
8 major airlines |
| Aircraft Fleet |
700+ aircraft (2023) |
| Airport Infrastructure |
130+ airports |
| FDI in Aviation Sector |
$2.5 billion since 2000 |
| International Traffic |
70 million annually |
| Regional Connectivity |
350+ UDAN routes |
| Air Cargo Handling |
3.3 million tons annually |
| Aviation Employment |
500,000+ people |
