The government has a “massive game plan” and a three-pronged strategy for the country’s fast-growing aviation market, Civil Aviation Minister Jyotiraditya Scindia said on Thursday. Mentioning the aviation market’s potential, he said domestic passenger numbers rose to 144 million in 2019 from 60 million in 2014, a CAGR (Compound Annual Growth Rate) of about 14.5 per cent.
He was speaking at the curtain raiser event here for the ‘Wing India 2024’ conference to be held next year in Hyderabad.
According to the minister, under the three-pronged strategy, the focus is to create capacity, ensure there are no bottlenecks for aviation industry players and have simplified processes and procedures.
