Indian aviation is set to experience once-in-a-lifetime growth which will see both the domestic and international markets more than doubling in size over the next 5-6 years. Domestic airport passenger numbers could increase from 307 million in FY24 to 600-700 million by FY30, while international traffic could go up from just under 70 million passengers to 140-160 million over the same period.
Meanwhile, the fleet of Indian carriers is similarly expected to double in size to reach around 1,400 aircraft by FY30. In short, the growth that Indian aviation has experienced in the 90+ years since J.R.D. Tata piloted Air India's first flight, will be replicated in just the next 5-6 years.
This is growth at a rate that has rarely been seen in global aviation, with China being perhaps the only comparable precedent. It has the potential to transform Indian aviation-and the Indian economy-provided that we prepare for it appropriately. Attention needs to be given to ensuring that there is an enabling ecosystem in terms of institutional infrastructure, policy, regulation and skills. Developing a pipeline of trained resources across the aviation value chain will be a critical part of India's growth story.
The scope for global aviation hubs: One of the key opportunities that exists is the development of Indian airports as global hubs. A successful hub requires not only world-class airport infrastructure, but also airlines with the network, fleet, product and vision to compete for connecting traffic. Twenty years ago, India had neither.
And then, as a result of the airport modernisation programme, the country's infrastructure improved beyond recognition. But the best airport in the world cannot be a successful hub without a home carrier that is intent on operating a hub.
Bu hikaye India Today dergisinin August 26, 2024 sayısından alınmıştır.
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Bu hikaye India Today dergisinin August 26, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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