Waiting on cusp of an exponential growth

New aviation policy will be a watershed event

Civil aviation plays a crucial role in the growth of an economy. It is estimated that every $100 spent on air transport produces benefits worth $325 to the economy and 100 additional jobs in air transport result in 610 new other jobs. The government recognised this strategic importance and introduced the open skies policy in 2004, leading to growth rates of about 20% in domestic aviation.

The introduction of reforms and enhanced competition in the sector have provided more choice to the consumer in the form of several airlines, products and services, choice of times and routes. It has also lowered prices leading to a growing mass of first-time fliers.

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