How The Indian Aviation Industry Is Set To Rise In The Coming Decade?
Keyword: Pilot Training Schools In India
The civil aviation industry in India has emerged as one of the fastest-growing industries in the last three years. By 2024, it is estimated that the Indian Aviation industry will become the third-largest air passenger market in the world, overtaking the U.K. This explains how well equipped and robust the aviation industry is in our country. Even today, the industry is fighting hard to reclaim itself from the current apocalypse of the virus.
It is in the now and the upcoming decade, when we will need strong-minded and determined pilots to serve our country. And to put this in action, we need skilled pilot training schools in India.
So how is our Indian Aviation Industry set to rise in the upcoming decade? Keep reading to know how…
Increase In Domestic Passenger Traffic:
“Although the COVID-19 pandemic has significantly reduced India’s air travel since last year, our domestic passenger traffic is recovering more rapidly than in most other countries, recently reaching 76% of pre-pandemic levels”, forecasts Boeing. As per the CMO, though the ongoing pandemic remains a challenge, the country’s passenger traffic is estimated to supersede the global growth, almost doubling from pre-pandemic levels by 2030.
This is comprehensible from the fact that India’s passenger market is the 3rd largest in the world. As reported by ACI, the economy is predicted to grow at 5% annually through the forecast period, which is the highest of any emerging market. It is anticipated that with the rise in incomes, especially tied to industrialization, many more Indians will be travelling by air for business and leisure. This will lead to a greater demand for domestic flights, eventually escalating their commercial fleet fourfold by 2039.
Growth Of Aviation Linked Jobs:
To cater to the rising air traffic and demands of flight tickets, the government of India has been working towards increasing the number of airports. As of 2020, India has 153 operational airports. It is estimated to increase to 200 by FY-2040. Moreover, the rising demand in the sector will push the number of aeroplanes operating in the sector to 1,100 by 2027.
All of the above combined will give rise to a massive stipulation of aviation-associated jobs in the coming years. The Indian aviation industry is expected to stand out as one of the primary reasons for the country’s economic reimbursement. This means that pilots, flight attendants, operation agents to ground attendants and regional sales managers, will have openings in both aviation and aviation-linked industries. Pilot training schools in India will be responsible for producing well-trained pilots to meet such growing demands of carriers in the coming decade.
Increase In Airline Investments:
According to the data released by DPIIT, FDI inflow in India’s aviation sector reached 2.88 billion dollars between April 2000 and December 2020. The government has also allowed 100% FDI under the automatic route in scheduled air transport service. This includes regional and domestic passenger airlines. It is also expected that the Indian aviation industry will witness Rs. 35,000 crore investment in the coming four years. The government alone would be investing 1.83 billion dollars in developing airport infrastructures and aviation navigation services by 2026.
With several initiatives by the government, change in policies, and various key investments being made by both Indian and foreign groups, the country’s aviation sector has successfully had several highlights even amidst the ongoing pandemic. Around 3,13,668 domestic passengers flew on February 28, 2021, which is the highest since the resumption of domestic flights on May 25, 2020. Close to 31 lakh Indians have been repatriated under the Vande Bharat Mission (VBM) as of December 31, 2020. This involved 6,373 Air India flights and 474 flights by private Indian carriers.
While our country continues to fight an aggressive 2nd wave of COVID-19, our aviation industry has managed to stand tall as a lamp of hope. As it incessantly tries to rescue India in these challenging times, it will also undoubtedly reinforce itself stronger than ever. One of the best ways to do so is to prepare for the future by producing well-trained pilots by the best pilot training schools in India, such as the Aviators Of Tomorrow. It’s one of the finest pilot schools in India, with branches all across the world.