The aviation sector in India is undergoing a remarkable ascent. Passenger traffic is booming, airlines are expanding fleets, and the government’s ambitious regional connectivity schemes are taking shape. However, challenges remain, and the upcoming Union Budget 2024 holds the key to unlocking the sector’s full potential.
Proactive Development of Aviation Infrastructure
Over the past ten years, India’s aviation sector has witnessed remarkable expansion. The count of operational airports in the nation has surged from 74 in 2014 to 148 as of April 2023, showcasing a doubling of capacity. This growth is primarily attributed to the government’s proactive policies and initiatives, notably exemplified by the Regional Connectivity Scheme – Ude Desh ka Aam Nagrik (RCS-UDAN), launched in 2016.
