One sector that poses the most daunting challenge to the Modi Sarkar for
urgent corrective action is Aviation. In the presentation made to the
prime minister in June, the civil aviation ministry cited numerous
constraints dragging the aviation sector prompting Narendra Modi to
remark “challenges have been highlighted but no achievements have been
mentioned”.
The comment was apt. It reflected the ground reality of civil aviation sector not because it is prone to problems but owing to gross mismanagement and flawed decisions during the past decade leaving the ministry with no aspect to glorify as an achievement. The promise the sector holds is enormous because of the sheer size of the market. India is expected to become the third largest aviation market in the world by 2020, after the USA and China. From the present 117 million domestic and 43 million international passengers, the country’s aviation market is set to see a major upsurge in traffic to 337 million domestic and 84 million international passengers in the next 10 years.
The demographic dividend that could be reaped has, however, been frittered away. Even as global airlines are expected to notch a combined profit of $18 billion this year, Indian carriers will be reporting a loss of $1.4 billion in 2014-15, modestly down from the $1.7 billion in 2013-14.
Read news in full 29/06/14 Jitender Bhargava/The Day After
The comment was apt. It reflected the ground reality of civil aviation sector not because it is prone to problems but owing to gross mismanagement and flawed decisions during the past decade leaving the ministry with no aspect to glorify as an achievement. The promise the sector holds is enormous because of the sheer size of the market. India is expected to become the third largest aviation market in the world by 2020, after the USA and China. From the present 117 million domestic and 43 million international passengers, the country’s aviation market is set to see a major upsurge in traffic to 337 million domestic and 84 million international passengers in the next 10 years.
The demographic dividend that could be reaped has, however, been frittered away. Even as global airlines are expected to notch a combined profit of $18 billion this year, Indian carriers will be reporting a loss of $1.4 billion in 2014-15, modestly down from the $1.7 billion in 2013-14.
Read news in full 29/06/14 Jitender Bhargava/The Day After
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