Budget 2016 expectations: The Indian aviation industry is on a high growth trajectory and is poised to become the third largest travel market by 2026.
Budget 2016 expectations: The Indian aviation industry is on a high growth trajectory and is poised to become the third largest travel market by 2026. The draft aviation policy as well as airport development in tier-I and Tier-II cities is a welcome move in identifying certain relevant aspects affecting the aviation sector.
Yet there are several challenges related to complex policies, aggressive price cuts, multi-tiered tax system and infrastructure deterring the true potential of the Indian aviation industry. I look forward these challenges to be addressed in the upcoming union budget. There is an immense growth potential for Indian civil aviation and with the right infrastructure and policies will serve as a key enabler for economic growth, employment creation and tax revenues.
It is imperative that success of civil aviation is seen as a national priority, a goal shared by different ministries, government agencies and the industry.
By Ankur Bhatia, Executive Director, Bird Group and Member, CII National Committee on Civil Aviation