The aviation sector in India contributes $72 billion to GDP. Over the last four years, India’s aviation market has grown at a yearly average rate of 20%, which is among the fastest in the world. However, it is not free from problems including high costs and low yields. There have also been persistent technical issues plaguing two of the most popular passenger aircraft models flown by India’s airlines. These factors have plunged India’s aviation industry to its most precarious phase in the last five years or so. The government is planning to sell Air India along with Bharat Petroleum to meet its disinvestment target of ₹1 lakh crore for the current fiscal year.
Dr. H. P. Kanoria, Chief Mentor, Shristi Infrastructure Development Corporation, said during the seminar, “Due to their passion, entrepreneurs entered the aviation sector when the opportunity was given to them. Failure of a number of private sector players including Modiluft, Damania Airways, Air Sahara, East West Airlines, Jet Airways, and Kingfisher pose a question as to why they failed.”
Denne historien er fra December 1-15, 2019-utgaven av BUSINESS ECONOMICS.
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Denne historien er fra December 1-15, 2019-utgaven av BUSINESS ECONOMICS.
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Deposit shortage: challenges facing India's banking ecosystem
In any macroeconomic framework, the household sector plays a critical role as a driver consumption, savings, and overall economic activity.
India's future dreams in Semiconductors & AI
A midst the gloom of the RG Kar affair or the Tirupati laddu scam or even the continued terrorist attacks in Jammu & Kashmir, even after the completion of the first general election in the state, we find hope and encouragement when the founder of Nvidia, Jensen Huang, in his recent visit to India says \"India will be a gigantic opportunity for us\".
The Ramayana: Justice and Modern Man
Consisting of Twenty-Four Thousand worthy Sanskrit verses, the Ramayana is one such epic, which provides a pathway to one committed to justice to establish himself as an ideal human being by following the exemplary life of its hero.
Vallabhbhai Patel: A Sardar of Farmers, A Matchless Social Reformer and the Maker of United India
Sardar Vallabhbhai Patel was instrumental in unifying the princely states to form the Union of India.
Understanding Prosperity: NOBEL Prize awarded for groundbreaking research on institutions and economic development
The Royal Swedish Academy of Sciences has awarded the Memory of Alfred Nobel to three US-based economistsDaron Acemoglu, Simon Johnson, and James A. Robinson\"for their studies on how institutions are formed and affect prosperity.\"
Sinking Resources: Groundwater crisis and sustainable solutions in Kolkata
Kolkata's underground water crisis is becoming a serious issue, driven by rapid urbanization and the construction of high-rise buildings.
Tourism Industry positively impacted by the festive season
Diwali transforms streets into a spectacle of festive lights, Diwali transforms streets into olis, and families gearing up for grand celebrations.
RBI's Shift to a Neutral Stance: Signaling a New Phase in Monetary Policy
For over a year, the Reserve Bank of India (RBI) has taken a firm stance against inflation, raising interest rates by 250 basis points between May 2022 and February 2023 in response to post-pandemic price pressures.
UK Budget
There _ he latest UK budget represents a departure from previous fiscal documents.
Han Kang's Historic Nobel Prize Win
The 2024 Nobel Prize in Literature has been awarded to T South Korean writer Han Kang, 53, known for her works including The Vegetarian, The White Book, Human Acts, and Greek Lessons.
